Manganese X Reduces Outstanding Warrant Exercise Prices to 11 Cents for 30 Days Only
Manganese X Reduces Outstanding Warrant Exercise
Prices to 11 Cents for 30 Days Only
Montréal, Québec--(Newsfile Corp. - January 31, 2019) -
Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2)
(TRADEGATE: 9SC2) (OTC Pink: SNCGF) ("Manganese" or the "Company")
is pleased to announce that the Company
has re-priced 9,672,000 warrants (excluding finders' warrants), as approved by the TSX Venture Exchange warrant incentive
program. The following warrants with an original exercise price of 25 cents will be eligible under this warrant incentive program:
4,387,000 warrants expiring July 25, 2019 & 5,285,000 warrants expiring Feb. 2020 The new exercise price of the warrants will
be 11 cents for 30 days expiring March 4th 2019. Note that the exercise
Warrant incentive program period
for all 9,672,000
warrants is for
30 days
starting
from Jan. 30, 2019.
After March. 4, 2019, the exercise price will return to the original exercise
price.
All securities issued thereby will be subject to a statutory hold period of four months plus one day from the date of issuance, in
accordance with applicable securities legislation.
Manganese'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 striving to achieve new methodologies emanating from research into environmentally friendly green/zero
emissions processes, 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 of
MANGANESE X ENERGY CORP.
Martin Kepman
CEO and Director
Email:
Tel: 1-514-802-1814
Cautionary Note Regarding Forward-Looking Statements:
Neither 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 release.
This news release contains "forward-looking information" 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, performance 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 review
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 assurance that forward-looking information will prove to be
accurate and the reader is cautioned not to place undue reliance on such forward-looking information.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/42579