| ||March 20, 2015|
MARKSMEN ANNOUNCES SECOND CLOSING OF PRIVATE PLACEMENT
| ||CALGARY, ALBERTA, March 20, 2015 -- Marksmen Energy Inc. ("Marksmen" or the "Company") is pleased to announce that it has completed the second closing of its previously announced non-brokered private placement for 992,300 units (the "Units") of Marksmen at a price of $0.15 per Unit for gross proceeds of $148,845 (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. An aggregate of 4,860,300 Units have been issued pursuant to the first and second closings for aggregate gross proceeds of $729,045. |
In connection with the second closing of the Offering, Marksmen paid cash commissions of $6,300 and issued 42,000 broker warrants (the "Broker Warrants") to eligible persons in accordance with applicable securities laws. Each Broker Warrant entitles the holder to acquire one (1) Common Share at a price of $0.15 per share for a period of one (1) year from the date of issuance.
Details with respect to the use of proceeds from the Offering are set out in the Company's press release dated January 19, 2015. The Company intends to complete a third and final closing of the Offering on or before March 30, 2015. Completion of the Offering is subject to regulatory approval including, but not limited to, the 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.
For additional information regarding this news release please contact Archie Nesbitt, Director and CEO of the Company at (403) 265-7270 or e-mail firstname.lastname@example.org.
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.
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