Maxtech Ventures closes $175K first tranche of private placement

News Release

MAXTECH CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT

Vancouver, British Columbia – September 22 , 2017 – Maxtech Ventures Inc. (CSE: MVT) (Frankfurt: M1N) (OTC: MTEHF), (“Maxtech” or the “Company”) announces that it has closed a first tranche of its previously announced non- brokered Private Placement and has issued a total of 700,000 units at a price of $.25 per unit. Each unit consists of one common share 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 $.30 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 $.45 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 securities issued are subject to a four month and one day trading restriction to January 23, 2018. No finders fees were payable.

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

The Company intends to continue to seek further funding pursuant to the placement of up to 8,000,000 units in total.

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

Email to info@maxtech-ventures.com
Phone: 604-484-8989
Further information about the Company is available on www.SEDAR.com under the Company’s profile.