VANCOUVER, BC--(Marketwired - April 28, 2017) - Maxtech Ventures Inc. (
Maxtech will issue up to 5,000,000 units at $.40 per unit, each unit being comprised of one common share in the capital of the Company and one share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one additional common share for a period of two years at an exercise price of $.50 per share for the first year and at an exercise price of $.60 thereafter. 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 $.70 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 working capital and to further the Company's plans to acquire additional manganese assets worldwide.
Maxtech has now amassed approximately 57,000 hectares of exploration claims in Brazil, which is one of the largest manganese mineral exploration claim sets in the country. The Company claims are located in the northern states of Mato Grosso and Amazonas.
"In addition to entering our second stage of exploration in Brazil, the Company is actively reviewing potential acquisitions outside of Brazil in Northern Africa and Europe," said Peter Wilson, CEO.
About Maxtech Ventures Inc.
Maxtech Ventures Inc. is a Canadian based diversified industries corporation with gold and manganese mineral properties. Its focus is on mining and the products that are derived therefrom.
For additional information see the Company's web site at http://www.maxtech-ventures.com
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