VANCOUVER, BRITISH COLUMBIA–(Marketwired – March 23, 2017) – Maxtech Ventures Inc. (CSE:MVT)(CSE:MVT.CN)(OTC PINK:MTEHF)(FRANKFURT:M1N) (“Maxtech” or the “Company), is pleased to announce it has entered into an arms-length agreement to acquire 2 additional manganese prospective mineral claims totalling 20,000 hectares in Brazil.
Maxtech has now amassed approximately 40,000 hectares of exploration claims in Brazil. Terms of the acquisition include the payment of US $10,000 and the issuance of 200,000 common shares of Maxtech; the transaction is subject to the CSE and regulatory approvals.
As announced on March 3, 2017, the Company initiated an exploration program on its claims acquired on December 6, 2016. Exploration techniques include using hand-dug pits, mobile auger drills and trenching with backhoes have begun in order to determine the dimensions and grade of any mineralization materials found containing manganese. Results are expected in the coming weeks.
Maxtech CEO Peter Wilson states, “With this additional acquisition, Maxtech will have amassed one of the larger manganese mineral exploration claim sets in Brazil. The focus on manganese mineralization offers Maxtech an opportunity to potentially directly service nearby farming markets in need of manganese for fertilizer.”
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 [email protected].
Further information about the Company is available on www.SEDAR.com under the Company’s profile.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements contained in this release may constitute “forward-looking statements” or “forward-looking information” (collectively “forward-looking information”) as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated”, “anticipates” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
Chief Executive Officer