March 5 (Reuters) - Advance Nanotek Ltd ANO.AX :
* STARTED INVESTIGATIONS INTO A CAPITAL REDUCTION TO OCCUR BEFORE END OF FY20
* SIGNED A NEW AGREEMENT WITH DEVERAUX SPECIALTIES TO BE CO'S NON- EXCLUSIVE DISTRIBUTOR FOR CANADA
* CONSIDERING UPTO 7 CENTS PER SHARE CAPITAL REDUCTION, SUBJECT TO NO FURTHER ADVERSE MARKET CONDITIONS, NEW REDUCTIONS IN SALES ORDERS