Manson Creek Announces Increase to Private Placement Offering and Closing of First Tranche
MANSON CREEK RESOURCES LTD.
SUITE 800, 808 - 4
TH
AVENUE S.W., CALGARY, ALBERTA, T2P 3E8
PH: 403.233.0464 FAX: 403.266.2606 WWW.MANSON.CA
NEWS RELEASE 17-02 MARCH 24, 2017
Trading Symbol: TSX Venture- MCK
For Further Information Contact: Jean-Pierre Jutras at 1.403.233.0464
Web: http://www.manson.ca
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
MANSON CREEK ANNOUNCES INCREASE TO PRIVATE PLACEMENT OFFERING AND
CLOSING OF FIRST TRANCHE
Calgary, Alberta - Manson Creek Resources Ltd. (TSX.V: MCK) (“Manson”) is pleased to announce that it
has closed the first tranche of its previously announced non-brokered private placement (the “Offering”)
consisting of 7,000,000 Units at a price of $0.05 per Unit to raise gross proceeds of $350,000. Each unit
consisted of one common share and one half of a common share warrant. Each full common share
purchase warrant (a “Warrant”) entitles the holder to purchase one half of an additional common share at
a price of $0.10 per share until March 24, 2019.
In connection with the first tranche of the Offering, Manson has agreed to pay finder’s fees of $14,350.
The common shares issued pursuant to this private placement are subject to a four month hold period.
Manson also announces that it has increased its offering by $50,000 or 1,000,000 common shares. In
aggregate, Manson may issue up to 8,000,000 common shares at a price of $0.05 per Unit under the
Offering, for total gross proceeds of up to $400,000. Each unit will consist of one common share and one
half of a common share warrant. Each full common share purchase warrant will entitle the holder to
purchase one half of an additional common share at a price of $0.10 per share for a period of two years
following closing.
Manson expects to close the second tranche of the Offering on or before April 14, 2017 subject to certain
conditions, including, but not limited to, the receipt of all necessary approvals including the approval of the
TSX Venture Exchange. All securities issued in connection with this tranche of the Offering will be
subject to a four month hold period from the date of closing. Finder’s fees of 5% cash may become
payable to eligible agents in connection with the second tranche of the Offering.
The net proceeds from the Offering will be used for working capital, general corporate purposes and
property exploration expenditures.
On Behalf of the Board of Directors,
“Jean-Pierre Jutras”
Jean-Pierre Jutras, President/Director
The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.
Except for the historical and present factual information contained herein, the matters set forth in this news release, including words
such as “expects”, “projects”, “plans”, “anticipates” and similar expressions, are forward-looking information that represents
management of Manson Creek’s internal projections, expectations or beliefs concerning, among other things, future operating
results and various components thereof or the economic performance of Manson Creek. The projections, estimates and beliefs
contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause
Manson Creek’s actual performance and financial results in future periods to differ materially from any projections of future
performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among
other things, those described in Manson Creek’s filings with the Canadian securities authorities. Accordingly, holders of Manson
Creek shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those
predicted. Manson Creek disclaims any responsibility to update these forward-looking statements.