MEN

0.00

0.00 (0.00%)

- - Closed

Delayed by 15 minutes

Share Name	Share Symbol	Market	Type
	TSXV:MEN	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	-

Magnum Energy Closes Private Placement of Flow-Through Financing Totalling $595,660

31/12/2010 3:23pm

Marketwired Canada

MAGNUM ENERGY INC. (the "Company") (TSX VENTURE:MEN) is pleased to announce the
closing of the second and final tranche of its private placement (the "Private
Placement") announced in its news release dated December 8, 2010. In connection
with the Private Placement, the Company issued a total of 2,054,001 flow-through
shares at a price of $0.29 per share for gross proceeds of $595,660.


Finder's fees of $33,576 were paid in accordance with the policies of the TSX
Venture Exchange.


All securities issued pursuant to the private placement are subject to hold
periods expiring between April 16 and 30, 2011.


ON BEHALF OF THE COMPANY

Richard A. Nemeth, President