Manganese X Energy Corp. Announces Increase of Private Placement to $1,425,000

Manganese X Energy Corp. logo

Manganese X Energy Corp., (TSX VENTURE:V.MN) is pleased to announce that in consultation with First Republic Capital Corporation, lead finder to the financing, the Company has expanded its non-private placement financing as previously announced on January 13, 2017, from $1,200,000 to $1,425,000, of which $974,050.05 has already closed. The Company closed an initial tranche of the Offering consisting of 4,387,000 units at a price of $0.15 per unit for gross proceeds of $658,050.00 and 2,106,667 “flow-through” shares at a price of $0.15 per FT Shares for gross proceeds of $316,000.05, as previously announced on January 25, 2017. The Company now intends to issue an additional 3,000,000 FT Shares, at a price of $0.15 per FT Share, for total gross proceeds of $450,000. There can be no assurance that the second tranche of the Offering will be completed, whether in whole or in part. read more

Leave a Reply

Your email address will not be published. Required fields are marked *