MGX Minerals Announces CA$5 Million Private Placement Financing

V.MN, Maganese X energy

Manganese X Energy Corp.(V.MN) is pleased to announce that the Company has entered into an engagement letter with Mackie Research Capital Corp. (the “Agent”) to act as lead Agent and sole bookrunner, on a best-efforts basis, in connection with a proposed a private placement (the “Offering”) for up to CA$5 million through the issuance of special warrants (“Special Warrants”) of the Company. The Agent may invite other registered investment dealers to participate as syndicate members in the Offering. The Agent’s minimum syndicate position in the Offering shall be 75%. The Company has also granted the Agent an option (the “Agent’s Option”) to increase the size of the Offering by up to an additional $750,000 of Special Warrants at any time up to 48 hours prior to the closing of the Offering.
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