CALGARY, ALBERTA–(Marketwired – Feb. 3, 2017) – Marksmen Energy Inc. (“Marksmen” or the “Company”) (TSX VENTURE:MAH)(OTCQB:MKSEF) announces that, further to its previous press release, it intends to complete by March 3, 2017 one or more additional closing(s) of its previously announced non-brokered private placement of up to 12,500,000 units (the “Units”) of Marksmen at a price of $0.10 per Unit for aggregate gross proceeds of up to $1,250,000 (the “Private Placement”).
The Company has completed the first closing of the Private Placement for 1,460,000 Units for aggregate gross proceeds of $146,000.
Marksmen did not pay any commissions in connection with the first closing of the Private Placement.
Completion of the Private Placement is subject to regulatory approval including, but not limited to, the approval of the TSX Venture Exchange Inc. The Common Shares issued are subject to a four month hold period from the date of issuance.