Marksmen Energy Inc.
TSX VENTURE : MAH
OTCQB : MKSEF

Marksmen Energy Inc.

March 30, 2015 18:51 ET

Marksmen Announces Final Closing of Private Placement

CALGARY, ALBERTA--(Marketwired - March 30, 2015) - Marksmen Energy Inc. (TSX VENTURE:MAH)(OTCQB:MKSEF) ("Marksmen" or the "Company") is pleased to announce that it has completed the third and final closing of its previously announced non-brokered private placement for 141,667 units (the "Units") of Marksmen at a price of $0.15 per Unit for gross proceeds of $21,250 (the "Offering"). The Units are 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 (1) Common Share for $0.25 expiring two (2) years from the date of the closing of the Offering. A total of 5,001,967 Units have been issued pursuant to the first, second and third closings for total gross proceeds of $750,295.

Marksmen did not pay any commissions in connection with the third closing of the Offering. Details with respect to the commissions previously paid and the use of proceeds from the Offering are set out in the Company's press releases dated January 19, 2015, February 13, 2015 and March 20, 2015. Completion of the Offering is subject to regulatory approval including, but not limited to, the final approval of the TSX Venture Exchange Inc. The Common Shares and Warrants issued are subject to a four month hold period from the date of issuance.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This news release may contain certain forward-looking information and statements, including without limitation, statements pertaining to the use of proceeds and the closing of the Offering including the Company's ability to obtain necessary approvals from the TSX Venture Exchange Inc. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Marksmen's disclosure documents on the SEDAR website at www.sedar.com. Marksmen does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Contact Information

  • Marksmen Energy Inc.
    Archie Nesbitt
    Director and CEO
    (403) 265-7270
    info@marksmen.ca