Manganese X property acquisition delayed to July 11

Jun 17, 2019

2019-06-17 06:16 ET – News Release

Mr. Martin Kepman reports

MANGANESE X. NOTIFIED BY MOUNTAIN SPRINGS OIL AND GAS LIMITED-DELAY IN ACQUIRING WESTERN OIL AND GAS PROPERTY UNTIL JULY 11TH 2019

Manganese X Energy Corp. has been notified by Mountain Spring Oil and Gas Ltd. (MSOG) that there has been an extension from the previous date of June 14 in acquiring its anticipated oil and gas property located in Western Canada, until July 11, 2019.

The vendor of the property is presently under the Companies’ Creditors Arrangement Act (CCAA), involving a court process. The court has granted a further stay of proceedings to July 11, 2019. MSOG’s bid is already lodged, and as previously informed, it was the highest bid (all cash). MSOG and Manganese X will be looking forward to the July 11 results.

Manganese’s mission is to acquire and advance high-potential manganese mining prospects, located in North America, with the intent of supplying value-added materials to the lithium-ion battery and other alternative energy industries. In addition, the company is striving to achieve new methodologies, emanating from environmentally and geographically ethical and friendly green/zero emissions, while processing manganese at a lower competitive cost.

We seek Safe Harbor.

http://www.manganesexenergycorp.com/