Business
Manganese X Energy 2017 Year in Review
Montreal, Quebec--(Newsfile Corp. - December 19, 2017) - Manganese X Energy Corp. (TSXV: MN) (...
About this update from Manganese X Energy Corp.
[{"type":"text","content":"Manganese X Energy 2017 Year in ReviewMilestones, Solid Growth, Technical Insights, 2018 Strategies and GoalsMontreal, Quebec--(Newsfile Corp. - December 19, 2017) - Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (TRADEGATE: 9SC2) (OTC Pink: SNCGF) (the \"Company\") is pleased to announce that 2017 was the year of significant growth for the Company encompassing project advancements at its Battery Hill Woodstock New Brunswick property, as well as strategic corporate financing and the building of a dynamic and experienced team to lead the Company forward. The Company is continuing with its aggressive pursuit of acquiring assets to yield positive cash flows which will enable Manganese X Energy the opportunity to finance additional projects as well as continue to develop its Battery Hill property in 2018. This will also enable the Company to potentially bring the Battery Hill project closer to fruition with the intent of supplying value added manganese materials to the fast growing North American lithium ion battery market for electric vehicles (EV) and other alternative energy markets.Martin Kepman, CEO of Manganese X Energy commented, \"I am extremely pleased with our progress in 2017 and proud of each member of the Manganese X Energy Team. During the year, we remained focused in on potentially developing Manganese X Energy assets to deliver diversified value added manganese materials to the North American Markets. I would like to thank each and every one of our shareholders and our amazing team for their dedication and support during 2017. We expect 2018 to be the year of significant advancement for Manganese X Energy and an elevated presence amongst our peers.\"Highlights of 2017 Activities The formation of a Technical and Marketing Advisory Board focusing on the lithium ion battery market consisting of Ms. Jessica Dahn, Mr. Jay Richardson and Mr. Peter W. Godbehere. The objective of the Technical and Marketing Advisory Board is to guide and assist the Company's Board of Directors and management with various opportunities related to the use of novel technologies to produce more environmentally friendly products.Completed initial tranche of the previously disclosed non-brokered private placement financing (the \"Financing\") consisting of 4,387,000 units (\"Units\") at a price of $0.15 per Unit for gross proceeds of $658,050.00 ...