Marksmen Energy Inc. (TSXV: MAH) plans to complete a non-brokered private placement of up to 15 million units at C $0.15 per unit for aggregate gross proceeds of up to C $2.25 million.

Proceeds will be used for general working capital purposes and to fulfill the obligations of the Knox and the Houghton joint venture agreements. It is expected that management and directors of the company will participate in the offering, according to the release.

The units will be comprised of one common share and one-half of one share purchase ...