Manganese X spinout Graphano to list on TSX-V Sept. 30

Sep 29, 2021

2021-09-28 16:29 ET – News Release

Mr. Martin Kepman reports

MANGANESE X ENERGY CORP. ANNOUNCES GRAPHANO TO COMMENCE TRADING ON THURSDAY SEPTEMBER 30, 2021

Manganese X Energy Corp. spinout Graphano Energy Ltd. has been approved to begin trading through the facilities of the TSX Venture Exchange under the trading symbol GEL, effective Thursday, Sept. 30, 2021.

While Manganese X and Graphano regret the earlier delays with respect to the commencement of trading, they are very pleased that the exchange has advised that a bulletin will be issued on Sept. 28, 2021, to announce the commencement of trading on Sept. 30, 2021.

Martin Kepman, chief executive officer of Manganese X, said: “Although the spinout process has taken much longer than anticipated, it has now come to a successful conclusion, and we are thrilled to announce the commencement of trading of Graphano’s shares on the TSX-V. We are also pleased to announce that the Graphano shares which were issued at five cents per share have been consolidated on a 6.5:1 basis and now have a revised deemed issuance price of 32.5 cents per Graphano share.”

Luisa Moreno, chief executive officer of Graphano, commented: “While the delays were disappointing and frustrating, the end result is the right one; Graphano will be trading as a Tier 2 mining company of the exchange, and we look forward to making our many shareholders very happy with the rapid progress that we have planned on the LAB project. We also intend to be reviewing other possible acquisition opportunities as we are able to identify them, with a view to becoming a significant exploration and development company of technology minerals. Please stay tuned.”

About Manganese X Energy Corp.

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

Subsidiary Disruptive Battery Corp.’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/

https://graphano.com/