Manganese X defers distribution record date re spinout

Apr 11, 2021

2021-04-09 13:57 ET – News Release

Mr. Martin Kepman reports

MANGANESE X PROVIDES UPDATE ON SHARE DISTRIBUTION RECORD DATE FOR SPIN-OUT OF LAC AUX BOULEAUX GRAPHITE PROPERTY

Manganese X Energy Corp. wishes to clarify the record date for determining the shareholders of the company entitled to receive the securities being distributed under its previously announced statutory plan of arrangement to spin out its Lac Aux Bouleaux graphite property, located in the province of Quebec. Ahead of the company’s special meeting of shareholders to be held on Monday, April 12, 2021, Manganese X clarifies that the company has deferred the share distribution record date, pending the finalization of a definitive closing date. The company intends to announce the share distribution record date in due course, once determined, by way of a further press release.

Further details of the arrangement, including the meeting (including the date and time thereof and the shareholders of the company entitled to vote thereat), may be found in the management information circular dated March 16, 2021, prepared by the company in connection with the meeting. All shareholders of the company are urged to carefully read the circular, which is available on the company’s website and under the company’s profile on SEDAR, as it contains additional important information concerning the arrangement.

About Manganese X Energy Corp.

Manganese X’s mission is to advance its Battery Hill project into production, with the intent of supplying value-added materials to the lithium-ion battery and other alternative energy industries. The company is also striving to achieve new, carbon-friendly, more-efficient methodologies, while processing manganese at a lower competitive cost. The company is moving toward the commercialization of a manganese deposit in Canada.

Subsidiary Disruptive Battery’s mission is to develop an HVAC (heating, ventilation and air conditioning) air purification delivery system for cleaner and healthier air, aiming to mitigate COVID-19 and other contaminants on surfaces and in the air.

We seek Safe Harbor.

https://www.manganesexenergycorp.com/