By Laura Lutz
Des Moines, May 29 - Marksmen Resources Ltd. plans to conduct a C$2 million private placement of flow-through shares.
The non-brokered placement will consist of up to 13,333,333 flow-through shares at C$0.15 each.
Settlement of the placement is conditional on the closing of the company's planned acquisition of a private oil and gas company.
Proceeds will be used for drilling and development on the company's projects.
Marksmen is an oil and gas company based in Calgary, Alta.
| Issuer: | Marksmen Resources Ltd.
|
| Issue: | Flow-through shares
|
| Amount: | C$2 million
|
| Shares: | 13,333,333
|
| Price: | C$0.15
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | May 28
|
| Stock symbol: | TSX Venture: MA
|
| Stock price: | C$0.14 at close May 28
|
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