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

Print | Email

Latest Industry Press Releases

Updated 8:01 MST, March 12, 2010  

Construction/Building

The Churchill Corporation Reports 2009 Financial Results (2010-03-12)

Seacliff Awarded $8.4 Million Electrical Contract at Edmonton Clinic North (ECN) Bringing Total Work at ECN to $56.0 Million: Fourth Institutional Infrastructure Contract Win in 2010 (2010-03-11)

The Ultimate Design Tool for Segmental Retaining Walls Now Available From Allan Block(R) -- AB Walls 10 (2010-03-11)

NorthGrid Solar Inc. opens regional offices in Ottawa and Sault Ste. Marie (2010-03-11)

Media Advisory: Social Housing Renovation Announcement (2010-03-11)

Kids Crooked House Partners with Kinder Canada in Playhouse Giveaway (2010-03-11)

SNC-Lavalin refutes misinformation published on federal building contracts (2010-03-11)

Waterfront Toronto unveils Underpass Park: A visionary design for a unique public park in the West Don Lands (2010-03-10)

SNC-Lavalin awarded contract for the Junin 2 Block in Venezuela (2010-03-10)

Public Storage Canadian Properties Announces Fourth Quarter 2009 Operating Results (2010-03-10)

Ritchie Bros. moves Lower Mainland auction site to expanded location in Chilliwack, B.C. (2010-03-09)

Tarion unveils best of the new home building industry (2010-03-09)

Royal Laser Provides Update on Strategic Review Process (2010-03-09)

CMHC: Quebec Housing Starts in February (2010-03-08)

BasicGov Systems, Inc. Reports Settlement with Harris Corporation (2010-03-08)

Media Advisory - Waterfront Toronto Unveils Design For Underpass Park - First Park of Its Kind to be Built in Toronto (2010-03-08)

SNC-Lavalin awarded contract for fertilizer plant in South Africa (2010-03-08)

SCHL : Mises en chantier au Québec en février (2010-03-08)

Canada Mortgage and Housing Corporation: Toronto Housing Starts Bounce Back (2010-03-08)

Empire Industries Ltd. Successfully Closes $17.5 Million Refinancing (2010-03-08)

International and local bidders compete for 1,800 equipment items in Toronto public auction (2010-03-08)

Black Diamond Group Limited to Announce Year End and Fourth Quarter 2009 Results (2010-03-05)

SNC-Lavalin announces fourth quarter and year-end results for 2009 (2010-03-05)

Churchill Announces Year-End Financial Results Conference Call and Webcast Notification (2010-03-05)

MOST POPULAR STORIES
TODAY’S TOP CONSTRUCTION PROJECTS

These projects have been selected from 342 projects with a total value of $2,911,425,288 that Reed Construction Data Building Reports reported on yesterday.

SUBWAY STATIONS, BUS TERMINALS, SUBWAY EXTENSION

$500,000,000 York Reg ON Prebid

MALL

$112,000,000 Ottawa ON Prebid

CONDOMINIUM, RETAIL & HOTEL DEVELOPMENT

$100,000,000 Burlington ON Prebid

Daily Top 10

CURRENT STORIES
PROJECT NEWS BRIEFS