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Marksmen completes second closing of private placement


Published Mar 23, 2015
Marksmen Energy Inc.

Marksmen Energy Inc. has completed the second closing of its previously announced non-brokered private placement for 992,300 units (the "Units") of Marksmen at a price of $0.15 per Unit for gross proceeds of $148,845 (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 (1) Common Share for $0.25 expiring two (2) years from the date of the closing of the Offering. An aggregate of 4,860,300 Units have been issued pursuant to the first and second closings for aggregate gross proceeds of $729,045.

In connection with the second closing of the Offering, Marksmen paid cash commissions of $6,300 and issued 42,000 broker warrants (the "Broker Warrants") to eligible persons in accordance with applicable securities laws. Each Broker Warrant entitles the holder to acquire one (1) Common Share at a price of $0.15 per share for a period of one (1) year from the date of issuance.

Tags: Marksmen Energy Inc.




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