Market Herald logo

Find out more about this capital raise

Be the first with the news that moves the market
  • Manganese X Energy Corp. (MN) has arranged a $2-million non-brokered private placement
  • The company will issue 9,015,958 flow-through units at a price of $0.23 per FT unit for gross proceeds of $2,073,670.34
  • Proceeds from the offering will be used for Canadian Exploration Expenses (CEE) and “flow-through mining expenditures”
  • Manganese X Energy Corp. is a mineral exploration company
  • Manganese X Energy Corp. opened trading at $0.19

Manganese X Energy Corp. (MN) has announced a $2-million non-brokered private placement.

The company will issue 9,015,958 flow-through units at a price of $0.23 per FT unit for gross proceeds of $2,073,670.34.

Each FT unit shall consist of one flow-through common share and one-half of one common share purchase warrant. Each whole common warrant will entitle the holder to purchase a non-flow-through common share at $0.32 for a period of 24 months.

All securities issued in connection with the offering will be subject to a statutory four-month hold period.

The offering is expected to close in mid-December.

Manganese X Energy Corp. is a mineral exploration company whose mission is to advance its Battery Hill project into production, with the intent of supplying value-added materials to the lithium-ion battery and other alternative energy industries.

Manganese X Energy Corp. opened trading at $0.19.


More From The Market Herald

" VRIC 2023: Canada’s largest mining conference returns amid commodity resurgence

Later this month, the Vancouver Resource Investment Conference (VRIC) will gather over 300 junior mining companies, over 100 expert speakers and over 5,000...

" Mining investors rejoice! VRIC 2023 fast approaches

Less than one week from today, the Vancouver Resource Investment Conference (VRIC) will showcase over 300 of the most prominent companies in the

" Stelmine (TSXV:STH) confirms surface mineralization at the Meridian Gold Zone

Stelmine (STH) released the results of 1,950 metres of drilling from 13 holes in the Meridian Zone of the Mercator property, located in

" Seahawk Gold Corp. (CSE:SEAG) provides exploration update

Seahawk Gold Corp. (SEAG) has provided an update on recent exploration work on its Touchdown and Blitz Properties.