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Maxtech amends $2-million financing

Maxtech Ventures Inc (2) (C:MVT)
Shares Issued 49,186,448
Last Close 7/26/2017 $0.21
Wednesday July 26 2017 - News Release

Mr. Peter Wilson reports

MAXTECH ANNOUNCES NEW FINANCING

Maxtech Ventures Inc. has amended the terms of its previously announced non-brokered private placement of up to $2-million.

The offering will comprise up to eight million units at a price of 25 cents per unit. Each unit will comprise one common share in the capital of the company and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share for a period of two years at an exercise price of 30 cents per share. The warrants will be subject to an accelerated expiration period in the event that the company's shares trade on a recognized exchange at more than 45 cents for a 14-day period, which will include days where no shares trade, after a period that is four months and a day from the issuance of the warrants.

The proceeds to be raised will be used for further exploration expenditures and for general working capital.

About Maxtech Ventures Inc.

Maxtech is a Canadian-based corporation with gold and manganese mineral properties.