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Marksmen Energy closes private placement


Published Jan 23, 2014
Marksmen Energy Inc.

Marksmen Energy Inc. has completed its previously announced non-brokered private placement for 985,000 units (the "Units") of Marksmen at a price of $0.125 per Unit for gross proceeds of $123,125 (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 Common Share for $0.18 expiring three (3) years from the date of the closing of the Offering, provided that, if the Common Shares close at or above $0.40 for 10 trading days at any time after the expiry of four months and one day from the date of issuance, the expiry date shall be automatically reduced to the date that is 30 days after the date the Company provides written notice to the holders of Warrants of the new expiry date.

Tags: Marksmen Energy Inc.




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