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Manganese X Settles Debt for Shares
Montreal, Quebec--(Newsfile Corp. - November 4, 2020) -  Manganese X Energy Corp. ( TSX...
About this update from Manganese X Energy Corp.
[{"type":"text","content":"Manganese X Settles Debt for SharesMontreal, Quebec--(Newsfile Corp. - November 4, 2020) -  Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (OTC Pink: MNXXF) (\"Manganese\" or the \"Company\") announces that it has agreed, subject to the acceptance of the TSX Venture Exchange, to settle $30,000 worth of debt to an arm's length party through the issuance of 100,000 common shares of the Company at a deemed price of $0.30 per share and $35,000 worth of debt to an arm's length party at a deemed price of approximately $0.29 per share (collectively the \"Debt Settlement\"). All shares issued pursuant to the Debt Settlement will be subject to the standard four month and one day regulatory hold periods.About Manganese X EnergyThe Company'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, Manganese X Energy is striving to achieve new methodologies emanating from technologies for environmentally geographically ethical and friendly green/zero emissions, while processing manganese at a lower competitive cost. For more information, visit the website at www.manganesexenergycorp.com.On Behalf of the Board of DirectorsMartin KepmanCEO and [email protected] Notes: General and Forward-Looking StatementsNeither 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 is not an offer to sell, or a solicitation of an offer to buy or sell, any securities of the Company and may not be relied upon in connection with the purchase or sale of any such security. This news release contains \"forward-looking information\" within the meaning of Canadian securities legislation. The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Forward-looking information includes information including statements with respect to the future exploration performance of the Company. Forward-looking information is based on, among other things, opinions, assumptions,...