Peeks Social Seeks to Extend Warrants

03/29/2018

TORONTO, March 29, 2018 (GLOBE NEWSWIRE) -- Peeks Social Ltd. (TSXV:PEEK) (OTCQB:PKSLF) (“Peeks Social” or “the Company”) announces that it is seeking approval by the TSX Venture Exchange to extend the expiry date of outstanding warrants exercisable to purchase 7,200,000 common shares (the “Warrants”). Of the 7,200,000 Warrants, 3,338,498 were issued on April 12, 2017 (including 555,555 held by Mark Itwaru, CEO of the Company), and 3,861,502 were issued on April 28, 2017. The Warrants are exercisable at a $1.10 per common share on a one-for-one basis and have an existing expiry date of one year from the date of grant. If approved, the new expiry dates of the Warrants would be October 12, 2019, and October 28, 2019, respectively. All other terms and conditions of the Warrants remain unchanged.

The Peeks Social app can be downloaded in either the Apple or Google app stores, or by visiting www.peeks.com.

For further information, please contact:

Peeks Social Ltd.

Mark Itwaru
Chairman & Chief Executive Officer
647-992-7727
mark@peeks.com

David Vinokurov
Director Investor Relations
416-716-9281
davidv@peeks.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.

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Source: Peeks Social Ltd.

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