Manganese X corrects private placement terms

Apr 4, 2019

2019-04-03 19:05 ET – News Release

Mr. Martin Kepman reports

MANGANESE ANNOUNCES CLARIFICATION ON TERMS OF PROPOSED PRIVATE PLACEMENT

Manganese X Energy Corp. has corrected the press release that was disseminated on March 20, 2019. The initial press release announced, among other things, a proposed non-brokered private placement financing to raise gross proceeds of up to $360,000 through the issuance of up to three million units at a price of 12 cents per unit, each unit being composed of one common share and one common share purchase warrant, with each warrant entitling the holder thereof to acquire one further common share at a price of 14 cents per common share. The company wishes to clarify that: (i) it intends to raise gross proceeds of up to $546,000 through the sale of up to 4.55 million units; and (ii) the exercise price of the warrants is 14.5 cents rather than 14 cents. The terms of the offering otherwise remain the same as disclosed in the initial press release.

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, the company is striving to achieve new methodologies emanating from environmentally friendly green/zero emissions, while processing manganese at a lower competitive cost.

We seek Safe Harbor.

http://www.manganesexenergycorp.com/