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Power Tech Corporation Inc. Announces a Private Placement of a Maximum of $500,000

^{Published on 2009-06-25 11:30:45, Last Modified on 2009-06-25 11:31:27 - Market Wire}
 

 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 ]