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Peat Resources Limited Announces Closing of Debenture/Loan Agreement

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TORONTO, ONTARIO–(Marketwired – July 16, 2015) – Peat Resources Limited (TSX VENTURE:PET) – The company is pleased to report that it has closed the unsecured debenture loan transaction referred to in the company’s news release of July 2, 2015, being an unsecured loan to the company of $110,000, payable in one year, with 12.0% annual interest, payable earlier at the option of the company without notice or bonus. An agent’s commission was paid as described in the July 2, 2015 news release. The funds will be used for working capital.

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Read more here:: http://www.marketwired.com/mw/release.do?id=2039403&sourceType=3

      

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