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Searchtech Ventures Inc. Announces Closing of Initial Public Offering

July 7
7:24 PM 2014

Searchtech Ventures Inc., announced today that it has completed its initial public offering today of 6,847,000 common shares at a purchase price of $0.10 per Common Share by way of a prospectus for gross proceeds of $684,700.

The Corporation is a Capital Pool Company as defined in the policies of the TSX Venture Exchange Inc. To date, the Corporation has not conducted operations of any kind and has not entered into an "Agreement in Principle", as such phrase is defined in Exchange Policy 2.4 - Capital Pool Companies.

M Partners Inc. acted as agent in connection with the Offering. For its services, M Partners received a cash commission equal to 8% of the gross proceeds of the Offering as well as options to purchase up to 547,760 Common Shares at an exercise price of $0.10 per Common Share, exercisable within twenty-four months from the listing of the Common Shares on the Exchange.

Upon the closing of the Offering, there are 11,803,598 Common Shares issued and outstanding, of which 4,138,599 Common Shares are being held in escrow.

It is expected that the Common Shares will be admitted for trading on the Exchange under the trading symbol "MJN.P" at the opening of the market on July 14, 2014 or such other date as the Exchange may determine.

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