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Marksmen Announces Proposed Private Placement |
November 02, 2010
CALGARY, ALBERTA--(Marketwire - Nov. 2, 2010) - Marksmen Energy Inc. ("Marksmen") (TSX VENTURE:MAH) is pleased to announce that, in conjunction with its previously announced transaction with MAR Oil Company, Marksmen plans to complete a non-brokered private placement of a minimum of 8,333,333 units (the "Units") of Marksmen and up to a maximum of 10,000,000 Units at a price of $0.30 per Unit for aggregate gross proceeds of a minimum of $2,500,000 and up to a maximum of $3,000,000 (the "Offering"). The Units will be comprised of one (1) common share and one-half (1/2) of a share purchase warrant ("Warrant") of Marksmen. Each Warrant entitles the holder thereof to purchase one common share for $0.50 expiring 12 months from the date of the closing of the Offering.
http://www.marketwire.com/mw/release.do?id=1345963&sourceType=3
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