Manganese closes $200,000 tranche of financing

Nov 20, 2018

2018-11-19 11:55 ET – News Release

Mr. Martin Kepman reports

MANGANESE ANNOUNCES CLOSING OF A TRANCHE OF PRIVATE PLACEMENT FINANCING OF FLOW-THROUGH SHARES

Manganese X Energy Corp. has closed on a tranche of a non-brokered private placement financing of flow-through shares for gross proceeds of up to $200,000 through issuance of one million flow-through shares in the share capital of the company at 20 cents per share. The terms of the offering remain the same as disclosed in the company’s news release dated Oct. 18, 2018.

All securities issued pursuant to the offering are subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. The net proceeds of the offering will be used for the exploration, growth, research and development, marketing and general working capital purposes. The company is hopeful that it may complete one or more additional tranches of the offering in the near future.

About Manganese X Energy Corp.

The company’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, Manganese is striving to achieve new methodologies emanating from environmentally friendly green/zero emissions, while processing manganese at a lower competitive cost.

We seek Safe Harbor.

http://www.manganesexenergycorp.com/pressreleases