|
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 27, 2017) - Maxtech Ventures Inc. (CSE:MVT)(OTC PINK:MTEHF)(FRANKFURT:M1N) ("Maxtech" or the "Company"), announces that it has closed the first tranche of a non-brokered private placement of up to $1,000,000. The Company will issue 2,612,500 units for an aggregate total of $522,500. Each unit is offered at $0.20 per Unit and is comprised of one common share in the capital of the Company and one share purchase warrant (a "Warrant"). Each warrant entitles the holder to purchase one additional common share for a period of two years at an exercise price of $0.30 per share for the first year and at an exercise price of $0.40 thereafter, the warrants are also subject to an accelerated expiration period in the event the Company's shares trade on a recognized exchange at more than $0.40 for a 14 day period, which can include days where no shares trade after a period that is four months and a day from the issuance of the warrants. |
