Maxtech Ventures closes $607,500 private placement
2017-02-24 17:32 PT - News Release
Mr. Peter Wilson reports
MAXTECH VENTURES CLOSES FINANCING
Maxtech Ventures Inc. has closed its previously announced non-brokered private placement and has issued a total of 3,037,500 units for a total of $607,500. Each unit was offered at 20 cents per unit, and comprises one common share in the capital of the company and one share purchase warrant. Each warrant entitles the holder to purchase one additional common share for a period of two years at an exercise price of 30 cents per share for the first year and at an exercise price of 40 cents thereafter; the warrants are also subject to an accelerated expiration clause.
The securities issued are subject to a four-month-and-one-day trading restriction to June 25, 2017. The proceeds raised will be used for working capital and to further the company's plans to acquire assets worldwide.
About Maxtech Ventures Inc.
Maxtech Ventures is a Canadian-based diversified industries corporation.
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