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MAH Marksmen Energy Inc

0.01
0.00 (0.00%)
25 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Marksmen Energy Inc TSXV:MAH TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.01 0.005 0.01 0.01 0.005 0.005 8,000 18:40:44

Marksmen Announces Closing of Private Placement and Corporate Update

29/04/2014 12:56am

Marketwired Canada


Marksmen Energy Inc. ("Marksmen" or the "Company") (TSX VENTURE:MAH) is pleased
to announce that it has completed the second and final closing of its previously
announced non-brokered private placement for 4,868,725 units (the "Units") of
Marksmen at a price of $0.16 per Unit for gross proceeds of $778,996 (the
"Offering"). The Units are comprised of one (1) common share ("Common Share")
and one-half of one (1/2) share purchase warrant ("Warrant") of Marksmen. Each
whole Warrant entitles the holder thereof to purchase one Common Share for $0.25
expiring two (2) years from the date of the closing of the Offering.


In connection with the Offering, Marksmen paid cash commissions of $10,982.40
and issued 68,640 broker warrants (the "Broker Warrants"). Each Broker Warrant
entitles the holder to acquire one Common Share at a price of $0.16 per Broker
Warrant for a period of one (1) year from the date of issuance. 


Completion of the Offering is subject to regulatory approval including, but not
limited to, the approval of the TSX Venture Exchange Inc. (the "Exchange"). The
Common Shares and Warrants issued are subject to a four month hold period from
the date of issuance.


Marksmen also announces that it has received approval from the Exchange to
extend the expiry date of 1,025,885 share purchase warrants of the Company with
the expiry date of May 3, 2014 by one (1) year to May 3, 2015. All other terms
and conditions will remain the same.


The Company further announces that it has received funds totaling $328,050 in
consideration for the exercise of 2,725,000 share purchase warrants to date this
calendar year.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.


This news release may contain certain forward-looking information and
statements, including without limitation, statements pertaining to the closing
of the private placement including the Company's ability to obtain necessary
approvals from the TSX Venture Exchange. All statements included herein, other
than statements of historical fact, are forward-looking information and such
information involves various risks and uncertainties. There can be no assurance
that such information will prove to be accurate, and actual results and future
events could differ materially from those anticipated in such information. A
description of assumptions used to develop such forward-looking information and
a description of risk factors that may cause actual results to differ materially
from forward-looking information can be found in Marksmen's disclosure documents
on the SEDAR website at www.sedar.com. Marksmen does not undertake to update any
forward-looking information except in accordance with applicable securities
laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Marksmen Energy Inc.
Archie Nesbitt
President, Chief Executive Officer and Director
(403) 265-7270
info@marksmen.ca

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