MARKSMEN ENERGY INC. ("MAH")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 31, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on July 12, 2023:
Number of Shares: 2,690,000 units
Purchase Price: $0.05 per unit
Warrants: 2,690,000 share purchase warrants to purchase 2,690,000 shares
Warrant Exercise Price: $0.10 for a two year period
Warrant Acceleration Provision: The Company has the option to accelerate the expiration date if the Common Shares trade at a price greater than $0.15 for a period of 20 trading days, subject to a minimum notice period of 30 days.
Number of Placees: 8 placees
Insider / Pro Group Participation:
Placees # of Placee (s) Aggregate # of Units
Aggregate Existing Insider Involvement: 4 890,000
Aggregate Pro Group Involvement: N/A N/A
Aggregate Cash Amount Aggregate #
of Shares Aggregate #
of Warrants
Finder's Fee: $2,800 N/A 56,000
Finder's Warrants Terms: Each Finder's Warrant entitles the holder to purchase one Common Share at the price of $0.05 for a period of 1 year from the date of issuance.
The Company issued a news release on September 1, 2023 and October 30, 2023 confirming closing of the private placement. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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