Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Peak Resources MD Acquires Shares

Rare earths developer Peak Resources (ASX:PEK) has received a change of director's interest from interests associated with managing director Richard Beazley.

Beazley acquired 708,751 shares in the recent placement approved by shareholders in September.

Recently, Peak recorded the longest +5% REO interval returned from drilling at the Ngualla Rare Earth Project in Tanzania to date of; 160 metres at 5.25% REO from surface to end of hole.

Importantly, for investors to consider - over half of the in-ground value at Ngualla comprises the Critical Rare Earths of Neodymium, Dysprosium, Europium, Terbium and Yttrium.

For Sydney siders, Peak's Richard Beazley is presenting in Sydney tomorrow at the "Stars in 2012 Series".

*** PEAK PRESENTING IN SYDNEY - FREE REGISTRATION - CLICK HERE ***

Proactive Investors is a market leader in the investment news space, providing ASX "Small and Mid-cap" company news, research reports, StockTube videos and One2One Investor Forums.