PEAK GOLD PIK.V

A new gold stock for my watch List--experienced management

Peak Gold Ltd
Symbol PIK
Shares Issued 725,791,396
Close 2007-11-09 C$ 0.61
Recent Sedar Documents



Peak Gold not acquiring proposed producing gold mines


2007-11-12 05:57 ET - News Release

Ms. Melanie Hennessey reports

PEAK GOLD ANNOUNCES UPDATE ON PRIVATE PLACEMENT OF SPECIAL WARRANTS

Peak Gold Ltd. has been in discussions regarding a potential acquisition of producing gold mines, but the discussions have now terminated as the vendor has decided not to sell the assets given the current strong price of gold. As a result of this development, those persons who were going to participate in the proposed offering of special warrants, announced in Stockwatch on Oct. 30, 2007, and as per the amended terms announced on Nov. 6, 2007, will be contacted by the agents early this week to reconfirm their orders.

A further news release will be issued by Peak Gold providing a financing update after all of the prospective purchasers have been contacted.
















"The situation in the markets at the moment is not “textbook” though. In our opinion, we are entering turbulent times with a real estate crash coming to the USA and other western countries such as Britain. We are also bearish on the stock market, with the exception of certain commodities, and we see a severe recession coming, perhaps even a depression to rival the 1930’s. Therefore the “textbook” trading strategies that usually work 90% of the time, are not necessarily going to work for the next few years as we are entering a financial climate that has only occurred a few times in the last century. In other words it may be a case of “all bets are off” as the markets move deeper into financial turmoil. The only real “safe bet” we can see is gold, silver and the associated precious metal stocks." gold-prices.biz.com