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An update from Marksmen Energy ( (TSE:MAH) ) is now available.
Marksmen Energy Inc. announced a delay in filing its 2024 annual financial statements due to challenges in raising capital, which affected their ability to pay for an audit. The company has since secured a CAD$250,000 loan from Conex Services Inc., owned by a significant shareholder, to address this issue. Marksmen is working to complete the filings by June 15, 2025, and has applied for a management cease trade order to prevent trading by its CEO and CFO until the filings are completed. This delay highlights the company’s financial challenges and reliance on related party transactions to maintain operations.
More about Marksmen Energy
Marksmen Energy Inc. operates in the energy sector, focusing on exploration and development of oil and gas resources. The company is listed on the TSX Venture Exchange and the OTCB Venture Marketplace.
Average Trading Volume: 32,849
Technical Sentiment Signal: Buy
Current Market Cap: C$1.06M
For an in-depth examination of MAH stock, go to TipRanks’ Stock Analysis page.