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Marksmen Energy Inc announces proposed private placement


Friday, 14 Mar 2014 01:37pm EDT 

Marksmen Energy Inc:Completes a non-brokered private placement of up to 14,000,000 units of Marksmen at a price of $0.16 per Unit for aggregate gross proceeds of up to $2,240,000.Units will be comprised of one common share and one-half of one share purchase warrant of Marksmen. Each whole Warrant entitles the holder thereof to purchase one Common Share for $0.25 expiring two years from the date of the closing of the Offering.Proceeds of the Offering will be used to initiate Marksmen's light oil drilling operations in Ohio.Completion of the Offering is subject to regulatory approval including, but not limited to, the approval of the TSX Venture Exchange Inc.Common Shares and Warrants issued will be subject to a four month hold period from the date of the closing of the Offering. 

Company Quote

0.405
-0.03 -6.90%
26 Aug 2014