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Marksmen Energy Will Complete Private Placement

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March 19, 2014

Marksmen Energy Inc. (TSXV: MAH.V) will complete a nonbrokered private placement of up to 14 million common units for about $2, 240,000 in gross proceeds, the company said March 14.

The units will be priced at 16 cents each and will be comprised of one common share and half of a share purchase warrant, Marksmen Energy said, noting that a whole warrant allows the purchase of one common share, at 25 cents, expiring two years after the offer’s closing date.

Proceeds will fund light oil drilling in the company’s Ohio ...

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