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| Home : Marksmen Announces Proposed Private Placement and Corporate Update |
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Feb 26
2013 |
Marksmen Announces Proposed Private Placement and Corporate Update |
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CALGARY, ALBERTA--(Marketwire - Feb. 26, 2013) - Marksmen Energy Inc. ("Marksmen" or the "Company") (TSX VENTURE:MAH) announces that it plans to complete a non-brokered private placement of up to 15,000,000 units (the "Units") of Marksmen at a price of $0.15 per Unit for aggregate gross proceeds of up to $2,250,000 (the "Offering"). The Units will be comprised of one (1) common share ("Common Share") and one-half of one (1/2) share purchase warrant ("Warrant") of Marksmen. Each whole Warrant entitles the holder thereof to purchase one Common Share for $0.30 expiring 12 months from the date of the closing of the Offering, provided that, if the Common Shares close at or above $0.50 for 10 trading days at any time after the expiry of four months and one day from the date of issuance, the expiry date shall be automatically reduced to the date that is 30 days after the date the Company provides written notice to the holders of Warrants of the new expiry date. |
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| Source:http://www.marketwire.com/mw/release.do?id=1761342&sourceType=3 |
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