Construction/Building — June 25, 2009
Power Tech Corporation Inc. Announces a Private Placement of a Maximum of $500,000
TERREBONNE, QC, June 25 /CNW Telbec/ - Carol Murray, President and Chief
Executive Officer of Power Tech Corporation Inc. ("Power Tech" or the
"Company") (TSX-V: PWB) announces its intents to complete a non-brokered
private placement financing, for a maximum of 5,000,000 units for a total
amount of $500,000 (the "Placement"). Each unit is comprised of one common
share of Power Tech at a price of $0.10 and one half warrant. Each whole
warrant entitles the holder to acquire one share of Power Tech, at a price of
$ 0.20 per share for a period of 12 months following the closing date. The
units issued under the Placement will be subject to a restricted period on
resale for four months and one day. The proceeds of the Placement will be used
as working capital of the Company. This Placement is subject to the approval
of the regulatory authorities.
About Power Tech (www.powertechci.com)
--------------------------------------
Power Tech is the only company in the world that manufactures and
commercializes percussion technology with interchangeable tools and
accessories for the construction, demolition and military industries.
Power Tech's percussion technology is a technological breakthrough that
combines the power of a hydraulic hammer with the stripping force and
manoeuvrability of a conventional bucket. Power Tech's products are marketed
under the PicBucket (R) and PicHammer (R) names as well as under world
renowned private label brands thru OEM agreements with large manufacturers.
The trademarks PicBuckets (R), PicHammer (R) and the Power Tech logo are
registered trademarks of Power Tech Canada Inc.
Forward-Looking Statements
--------------------------
Certain statements included herein, including those that express
management's expectations or estimates of the future performance of the
Company, constitute "forward-looking statements" within the meaning of
applicable securities laws. Forward-looking statements are necessarily based
upon a number of estimates and assumptions that, while considered reasonable
by management at this time, are inherently subject to significant business,
economic and competitive uncertainties and contingencies. Investors are
cautioned not to put undue reliance on forward-looking statements. We disclaim
any intent or obligation to update publicly these forward-looking statements,
whether as a result of new information, future events or otherwise.
Neither TSX Venture Exchange Inc. nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange
Inc.) accepts responsibility for the adequacy or accuracy of this
release.
%SEDAR: 00020841EF
For further information: Carol Murray, President and Chief Executive Officer, Power Tech Corporation Inc., (450) 963-6400, Fax: (450) 963-4411, carol.murray@powertechci.com; Investor Relations: Marc Jasmin, President, Jasmin Financial Communications Inc., (450) 963-6400 ext: 202, Cell: (514) 231-2360, marc.jasmin@powertechci.com
Latest Industry Press Releases
Updated 18:03 MDT, September 2, 2010 
Construction/Building
Aecon awarded $33 million MTO contract to expand Highway 11 (2010-09-02)
Leisure Canada Commends Cuban Golf Course Initiative (2010-09-02)
GENIVAR Income Fund Acquires Pryde Schropp McComb Inc., an engineering firm specializing in the aviation industry (2010-09-02)
CanWel Building Materials Announces Appointment (2010-09-02)
Winalta Inc. announces fourth extension of CCAA protection until September 7, 2010 (2010-09-01)
PFB Corporation Announces Normal Course Issuer Bid (2010-09-01)
Empire Industries Announces Proposed Private Placement, Stock Option Grants (2010-09-01)
Lakeside Steel Breaks Ground on New Manufacturing Facility in Alabama (2010-09-01)
Retrocom Mid-Market REIT Announces $11 Million Investment in Lincoln Value Centre, St. Catharines, Ontario (2010-08-31)
Stantec Increases Credit Facility to C$350 Million and Extends Maturity Date to August 2013 (2010-08-31)
RioCan REIT Announces $124.5 Million Public Offering of Trust Units (2010-08-30)
Large JJM Construction Ltd. consignment in next Ritchie Bros. Chilliwack auction (2010-08-30)
Empire Industries Reports 2010 Second Quarter Results, Appointment of Independent Board Chair (2010-08-30)
Canadian Equipment Rental Fund Limited Partnership Results for the Second Quarter 2010 (2010-08-27)
Aecon announces closing of Cow Harbour asset purchase and launch of new Aecon Mining business (2010-08-27)
CITY COUNCIL APPROVES WATERFRONT TORONTO'S BAYSIDE DEVELOPMENT PROJECT (2010-08-27)
Global Summit Real Estate Inc. Announces Dividend (2010-08-27)
Tribute Communities Links Past and Future With Cornerstone Ceremony at RCMI Condominium (2010-08-27)
CanWel Building Materials Announces Appointment (2010-08-26)
Stantec to Significantly Increase Architecture Practice With the Planned Acquisition of Anshen Allen (2010-08-26)
Allied Properties Real Estate Investment Trust Announces $50 Million Public Equity Offering (2010-08-26)
| MOST POPULAR STORIES |
- Four companies short-listed to renovate London, Ontario hospital
- Delcan to provide enegineering services for Highway 407 extension
- Hamilton water treatment plant stays in service during rebuilding operation
- Plenty of work ahead as Ontario construction-site safety blitz ends
- Construction, engineering companies mergers increased in Q2: Report
- 20 Most Popular Stories
| TODAY’S TOP CONSTRUCTION PROJECTS |
These projects have been selected from 263 projects with a total value of $8,919,878,049 that Reed Construction Data Building Reports reported on yesterday.
$120,000,000 Ottawa ON Negotiated
CONDOMINIUM APARTMENT BUILDING
$120,000,000 Toronto ON Negotiated
$50,000,000 Ottawa ON Prebid
| CURRENT STORIES |
- Ground broken on Halifax RCMP headquarters
- Fanshawe College’s new Centre for Applied Transportation Technologies goes green
- Vanbots continues work on York University Life Sciences Building in Toronto
- Manitoba introduces new farm building code
- Heavy rains wash away bridges to Nova Scotia fishing village
- South Korea calls for financial safety net
- Jobsite safety a shared duty: Mechanical Contractors Association
- New technology could help find Jimmy Hoffa: Study
- Crane operator certification deadline looms in British Columbia
- High-tech oil sands project near Fort McMurray, Alberta could change industry
- Saskatoon bridge closed indefinitely over structural concerns
- City of Regina project turns up all sorts of surprises
- Awareness about qualifications-based selection lacking: Survey
- Canadian Institute of Steel Construction launches Steel Day
- Saskatchewan bridge collapses, causing crane to topple
- Crane tips over, killing worker and injuring two
- Saskatoon man pulled from hole at construction site
- Churchill airport gets government cash for infrastructure upgrades
- Stantec acquires health care architectural firm
