• 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.


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