MANGANESE X ENERGY CORP. ("MN")BULLETIN TYPE: Private Placement-Non-Broker... DATE: April 17, 2017TSX Venture Tier 2 Company
posted on
Apr 18, 2017 05:58AM
MANGANESE: THE CLEAR CHOICE OF THE FUTURE
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 13, 2017, January 26, 2017 and January 31, 2017:
Number of Shares: 9,493,667 shares Purchase Price: $0.15 per share Warrants: 4,387,000 share purchase warrants to purchase 4,387,000 shares Warrant Exercise Price: $0.25 for a two year period Number of Placees: 43 Placees
Insider /Pro Group Participation: Insider=Y / Name ProGroup=P # of Shares Mark Billings Y 7,000 Martin Kepman Y 20,000 Jacques Arsenault Y 7,000 Stephen Roebuck Y 20,000 Aggregate Pro Group Involvement P 200,000 [2 Placees]
Finder's Fee: First Republic Capital Corporation $68,365.01 cash, 341,100 finder(1) warrants and 114,667 finder(2) warrants payable. Canaccord Genuity Corp. $23,040 cash, 57,600 finder(1) warrants and 96,000 finder(2) warrants payable. Dominick Inc. $6,000 cash and 40,000 finder(1) warrants payable. -Each finder(1) warrant is convertible into units with terms the same as the offering and each finder(2) warrant is exercisable into one share at $0.15 for two years from closing.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. [Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.]