Manganese X Energy Corp. Announces Closing of Final Tranche of Private Placement Financing
Manganese X Energy Corp. Announces Closing of Final Tranche of Private Placement Financing
February 23, 2017: Montreal, Quebec, Canada. Manganese X Energy Corp. (the “ Company”) (TSXV:MN,
FRA:9SC2, OTCMKTS:SNCGF) is pleased to announce it h as completed the final tranche of the previously
disclosed (see news release dated January 25, 2017 and January 31, 2017) non-brokered private placement
financing (the “ Financing”). This tranche consisted of 3,000,000 “flow-through” shares (“ FT Shares ”) at a
price of $0.15 per FT Shares for gross proceeds of $450,0 00.00. All securities issued in connection with the
Financing are subject to a four-month hold period from the date of issuance in accordance with applicable
securities laws.
First Republic Capital Corporation (“First Republic”) acted as the lead finder for the Financing. A cash fee was
paid to finders representing 8% of the gross proceeds raised in the Financing. Additionally, finders received that
number of compensation warrants (“ Compensation Warrants”) totaling 8% of the number of FT Shares sold
pursuant to the Financing. The Compensation Warrants are exercisable at a price of $0.15 per shares for a period
of 24 months after the closing of the Financing. First Republic was paid a corporate finance fee representing 2%
of the gross proceeds raised in the Financing and th at number of Compensation Warrants equaling 2% of the
number of FT Shares sold in the Financing.
About Manganese X Energy
Manganese X Energy’s mission is to acquire and advance hi gh potential manganese prospects located in North
America with the intent of supplying value added ma terials to the lithium ion battery and other alternative
energy industries as well as the steel industry. In add ition our company is striving to achieve new methodologies
emanating from environmentally friendly green/zero emissions, while processing manganese at a lower
competitive cost.
For more information, visit the website at www.manganesexenergycorp.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Martin Kepman
Interim CEO and Director
1-514-802-1814
Cautionary Note Regarding Forward-Looking Statements:
Neither TSX Venture Exchange nor its Regulation Services Pr ovider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.