Brief: Marksmen Announces Proposed Private Placement

Marksmen Energy

03/10/2019 13:53

Oct 3 (Reuters) - Marksmen Energy Inc  MAH.V :
    * MARKSMEN ANNOUNCES PROPOSED PRIVATE PLACEMENT
    * MARKSMEN ENERGY INC - PLANS TO COMPLETE A NON-BROKERED
PRIVATE
PLACEMENT OF UP TO 11.5 MILLION UNITS OF MARKSMEN AT A PRICE OF
$0.05 PER UNIT
    * MARKSMEN ENERGY - USE PROCEEDS TO PAY $25,000 RELATED TO
PLANNING AND ENGINEERING OF PREVIOUSLY ANNOUNCED 40 WELL
RE-COMPLETION PROGRAM
    * MARKSMEN ENERGY INC - ALSO USE PROCEEDS TO PAY $410,000
FOR
FIRST THREE RE-COMPLETE WELLS PLANNED TO BEGIN IN Q4 OF 2019

Source text for Eikon:  ID:nGNX62FYTx 
Further company coverage:  MAH.V 

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