Marksmen Energy Inc. plans to complete a non-brokered private placement of up to 8,333,333 units of Marksmen at a price of $0.15 per Unit for aggregate gross proceeds of up to $1,250,000.

The 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.

Marksmen may pay a commission or finder's fee to qualified non-related parties of up to 8% of the gross proceeds of the Offering (up to $100,000) and broker warrants equal to up to 8% of the number of Units sold in the Offering (up to 666,667).

Tags: Marksmen Energy Inc.