Marksmen Energy Inc.

Marksmen Energy Inc.

June 19, 2013 09:01 ET

Marksmen Announces Proposed Private Placement

CALGARY, ALBERTA--(Marketwired - June 19, 2013) -


Marksmen Energy Inc. ("Marksmen" or the "Company") (TSX VENTURE:MAH) announces that it intends to complete a non-brokered private placement of a secured debenture ("Debenture") for gross proceeds of $750,000 (the "Offering") and 4,000,000 share purchase warrants of the Company (the "Warrants"). Each whole Warrant entitles the holder thereof to purchase one common share of the company for $0.17 per share expiring on the earlier of: (i) two months after payment in full of the Debenture; or (ii) June 30, 2017;

The Debenture shall not bear interest, shall mature on January 31, 2016 and shall be secured by a general security agreement against the Company's present and after-acquired personal property and all proceeds thereof.

The proceeds of the Offering will be used to conduct Marksmen's initial 3D Seismic program on the Company's previously announced Houghton Project and to advance the Houghton Project to the drilling stage.

Completion of the Offering is subject to regulatory approval including, but not limited to, the approval of the TSX Venture Exchange Inc. The securities issued will be subject to a four month hold period from the date of the closing of the Private Placement.

This news release may contain certain forward-looking information and statements, including without limitation, statements pertaining to the closing of the private placement including the Company's ability to obtain necessary approvals from the TSX Venture Exchange. 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 Marksmen does not undertake to update any forward-looking information except in accordance with applicable securities laws.

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.

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