SOURCE: Peak Resources Limited
PERTH, AUSTRALIA--(Marketwire - Jun 28, 2012) - Peak Resources Limited ("Peak Resources" or "the Company") (OTCQX: PKRLY) (PINKSHEETS: PKRLY) (ASX: PEK), a company engaged in the exploration and evaluation of mineral licenses in Australia and Tanzania, is pleased to announce that its common shares are now trading on the highest tier of the OTC market, OTCQX.
"We are extremely pleased to join the prestigious tier OTCQX," said Richard Beazley, Managing Director of Peak Resources. "The superior information and visibility of the OTCQX marketplace will help Peak Resources build investor confidence and expand our shareholder base. As we continue to develop our highly prospective exploration portfolio, trading on the OTCQX will help to broaden Peak Resources investor reach by allowing a large number of U.S. investors to market our shares and by making it easier for U.S. investors to trade our stock."
The OTCQX is the premier tier of the U.S. Over-The-Counter (OTC) marketplace. It is reserved for companies with the highest financial standards and is one of three distinct tiers of the OTC Marketplace. The OTCQX provides easy access to U.S. investors and the ability to diversify shareholder base. Companies that join OTCQX demonstrate their commitment to providing superior information to investors and maintaining the highest quality standards.
About Peak Resources Limited
Based in Perth, Australia, Peak Resources Limited aims to develop itself into a medium-sized mining house based on exploration and development of its highly prospective exploration portfolio.
The Company's focus is the development of the Ngualla Rare Earth Project in southern Tanzania. Ngualla is a large new high-grade rare earth discovery that ranks as the fifth largest deposit outside of China. Additionally, Peak holds a number of gold exploration projects in the prolific Lake Victoria Gold Fields region of northern Tanzania.