2546fac1-a74f-4661-adb2-3a69f1fa0c9d.pdf
13 November 2015
ASX Listing Rule 14.7 Waiver Granted
At the Company's general meeting of 11 September 2015, shareholders approved the issue of 26,696,558 fully paid ordinary shares to Appian Pinnacle Holdco Limited (Appian) and up to 6,674,140 fully paid ordinary shares (together, Conversion Shares) to International Finance Corporation (IFC) upon conversion of the convertible notes issued by one of the Company's subsidiaries, Peak African Minerals, to each of Appian and IFC on 24 July 2015. However, as the convertible notes issued to Appian and IFC may be converted, (at Appian and IFC's election) at any time prior to 24 July 2017, it is likely that more than 3 months will pass from the date of the general meeting before the Conversion Shares are issued. The Company therefore required a waiver of ASX Listing Rule 14.7 to allow it to issue the Conversion Shares to Appian and IFC without further shareholder approval. ASX has granted the waiver on the basis that the Conversion Shares are to be issued no later 24 July 2017 and otherwise on the same terms as approved by shareholders of the Company on 11 September 2015, and the terms of the waiver are immediately released to the market.
For and on behalf of Peak Resources Limited. Darren Townsend
Managing Director
About Peak
Peak is an ASX-listed Company developing the Ngualla Rare Earth Project in Tanzania in conjunction with its partners Appian and IFC. Ngualla is a large high grade rare earth deposit, particularly rich in the high growth magnet metals neodymium and praseodymium. Peak has commenced the Bankable Feasibility Study for the Ngualla Project and has appointed AMEC Foster Wheeler as the lead engineer for the study.
Peak Resources Limited Ground Floor, 5 Ord Street, West Perth, Western Australia 6005. PO Box 603, West Perth 6872. ASX: PEK ACN 112 546 700 Telephone: +61 8 9200 5360 info@peakresources.com.au www.peakresources.com.au
Non-executive Chairman: Jonathan Murray Managing Director: Darren Townsend Technical Director: Dave Hammond Non-Executive Directors: Robin Mills and John Jetter Company Secretary: Graeme Scott