March 14, 2007
NEWS RELEASE
Closing of Second Tranche of the Private Placement
previously announced on January 22, 2007
New Cantech Ventures Inc. (“Cantech”) (TSXV:NCV, FSE:C7X) is pleased to announce that it
has closed the second tranche of the private placement previously announced on January 22,
2007.
The second tranche of the private placement involved the sale of 2,517,343 units at the price of
$0.75 per unit for proceeds of $1,888,007.20. In total, the private placement raised $5,000.000.
The units are comprised of one common share and one share purchase warrant. Each warrant
entitles the holder to purchase a further common share of Cantech at the price of $0.75 in the
first year and $1.00 in the second year.
The securities issued in the second tranche are subject to a four month hold period expiring on
July 15, 2007.
The proceeds from the sale of the units will be used for working capital purposes.
Cantech has paid a finder’s cash fee under the first tranche (which closed on March 12, 2007)
and the second tranche totalling $395,799.97 in aggregate, equal to 8% of the subscription
proceeds realized from the sale of the units as follows, (a) $120,000.00 to Mr. Sunkwang Lee,
(b) $265,751.17 to Mr. Gordon Neal and (c) $10,048.80 to Pacific International Securities Inc.
For more information please contact Dalton B. DuPasquier, President & CEO of New Cantech
Ventures Inc., at (604) 541-7288 or visit Cantech’s website at http://www.newcantech.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“Dalton DuPasquier”
NEW CANTECH VENTURES INC.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the
adequacy or accuracy of the content of the information contained herein.
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