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Maxtech amends $2-million private placement

Maxtech Ventures Inc (2) (C:MVT)(OTCBB:MTEHF)
Shares Issued 49,186,448
Last Close 6/8/2017 $0.32
Thursday June 8 2017 - News Release

Mr. Peter Wilson reports

MAXTECH ANNOUNCES NEW FINANCING

Maxtech Ventures Inc. will continue with its previously announced non-brokered private placement of up to $2-million, but it has amended the terms of the offering.

Maxtech will issue up to 6,666,666 units at 30 cents per unit, each unit being composed of 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 40 cents per share. The warrants will be subject to an accelerated expiration period in the event the company's shares trade on a recognized exchange at more than 50 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 to further exploration expenditures and for general working capital.

About Maxtech Ventures Inc.