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Manganese X Announces Granting Options and Extension of Term of Warrants
Montréal, Québec--(Newsfile Corp. - January 11, 2019) - Manganese X Energy Corp. (T...
About this update from Manganese X Energy Corp.
[{"type":"text","content":"Manganese X Announces Granting Options and Extension of Term of WarrantsMontréal, Québec--(Newsfile Corp. - January 11, 2019) - Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (TRADEGATE: 9SC2) (OTC Pink: SNCGF) (\"Manganese\" or the \"Company\") is pleased to announce that it has approved the grant of 800,000 stock options to purchase common shares of the Company to certain directors and consultants of the Company. The options were issued with an exercise price of $0.12 per common share. The options granted to the Company's directors and consultants have a term of two years vesting immediately. The issuance of the options is subject to all necessary approvals by the TSX Venture Exchange. In addition, the Company announces that its board has approved the extension of the expiry date of certain outstanding warrants to purchase 4,387,000 common shares in the capital of the Corporation due to expire January 25, 2019 held by eligible persons, to July 25, 2019 at the same exercise price of $0.25. The other conditions for granting such remain the same. The extension of term of warrants is subject to all necessary approvals by the TSX Venture Exchange. All securities issued are 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 environmentally friendly green/zero emissions technologies, 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 KepmanCEO and DirectorEmail: [email protected]: 1-514-802-1814Cautionary 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 t...