Manganese X Energy Corp. Announces Increase of Private Placement to $1,425,000
Manganese X Energy Corp. Announces Increase of Private Placement to $1,425,000
January 31, 2017: Montreal, Quebec, Canada. Manganese X Energy Corp. (the “ Company”) (TSXV:MN,
FRA:9SC2, OTCMKTS:SNCGF) is pleased to announce th at in consultation with First Republic Capital
Corporation, lead finder to the financing, the Compan y has expanded its non-private placement financing (the
"Offering") as previously announced on January 13, 2017, from $1,200,000 to $1,425,000, of which
$974,050.05 has already closed. The Co mpany closed an initial tranche of the Offering consisting of 4,387,000
units at a price of $0.15 per unit for gross proceed s of $658,050.00 a nd 2,106,667 “flow-through” shares (“ FT
Shares”) at a price of $0.15 per FT Shares for gross pr oceeds of $316,000.05, as pr eviously announced on
January 25, 2017. The Company now intends to issue an additional 3,000,000 FT Shares, at a price of $0.15 per
FT Share, for total gross proceeds of $450,000. Ther e can be no assurance that the second tranche of the
Offering will be completed, whether in whole or in part.
Manganese X Energy’s mission is to acquire and advance high potential manganese mining prospects located in
North America with the intent of supplying value added materials to the lithium ion battery and other alternative
energy industries. In addition our company is stri ving 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.
This news release contains "forward-looking informati on" including statements with respect to the future
exploration performance of the Company. This forward-looking information involves known and unknown risks,
uncertainties and other factors which may cause the actual results, performance or achievements of the Company
to be materially different from any future results, pe rformance or achievements of the Company, expressed or
implied by such forward-looking statements. These risks, as well as others, are disclosed within the Company's
filing on SEDAR, which investors are encouraged to revi ew prior to any transaction involving the securities of
the Company. Forward-looking information contained herein is provided as of the date of this news release and
the Company disclaims any obligation, other than as required by law, to update any forward-looking information
for any reason. There can be no assura nce that forward-looking informati on will prove to be accurate and the
reader is cautioned not to place undue reliance on such forward-looking information.