Maxtech Engages Australian Banking Leader Peak Asset Management
- - Peak Asset Management engaged as strategic advisor to expand Maxtech’s reach into Vanadium
- - Maxtech to assess strategic opportunities to drive value to its shareholders
- - Peak signs Maxtech as its first Canadian-based client, placing Maxtech in a strong position to benefit
Vancouver, British Columbia (FSCwire) - Maxtech Ventures Inc. (CSE: MVT) (Frankfurt: M1N) (OTC: MTEHF) (“Maxtech” or the “Company”) is pleased to announce that it has engaged Australian-boutique Peak Asset Management (“Peak”) as its strategic advisor, to identify growth opportunities focusing on the technology-metals, of high-grade manganese and vanadium.
Peak is a boutique investment management firm with a strong focus on mining and resources, providing private and institutional investors with access to Australia’s most attractive corporate opportunities. Peak and its team have a long track record of backing corporate deals that have produced exceptional returns for themselves and investors alike. Their investment experience spans over 50 years, with prominent positions at firms such as Macquarie Bank, Bell Potter Securities and Goldman Sachs.
Maxtech appoints Peak as a strategic advisor for an initial term of 6 months. In return for the services to be provided, Peak will be entitled to 300,000 options to acquire shares in the Company at an exercise price of $0.30 and a further 300,000 options exercisable at $0.50 and an 8% capital raising fee on any capital raised.
“Niv Dagan, founder and director of Peak Asset Management, is an exceptional talent in the fast paced Australian finance market, his knowledge, experience and relationships will surely benefit Maxtech’s expansion and international presence. With Peak’s involvement, we will create a stronger team directly benefiting our current and future battery metal assets and in turn, our shareholders,” stated Peter Wilson, CEO of Maxtech Ventures.
Niv Dagan, founder of Peak remarked: “Peak is extremely excited to be working alongside Maxtech and its team, driving additional value for the company. We are impressed with the company’s underlying assets in Brazil and Zambia and see a significant opportunity to leverage off our strong presence in Australia and Asia to attract strong strategic interest.”
About Peak Asset Management:
Peak Asset Management is an Australian-boutique, with a strong presence in the mining and resource sectors. Peak’s foundation is built on the “co-invest” model, backing some of the best-performing opportunities over the past several years and driving strong returns for its clients: www.peakassetmanagement.com.au
About Maxtech Ventures Inc.
Maxtech Ventures Inc. is a Canadian-based diversified industries corporation focused primarily on manganese mineral properties.
For additional information see the Company’s web site at http://www.maxtech-ventures.com
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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.