Marksmen Energy Secures Debenture Extension with Conex

Marksmen Energy ( (TSE:MAH) ) just unveiled an update.

Marksmen Energy Inc. has announced an agreement with Conex Services Inc. to extend the expiry date of its non-convertible secured debenture by two years, now set to expire on December 31, 2026. The agreement also removes a provision related to bonus warrants previously issued. This extension, categorized as a ‘related party transaction’ due to Conex’s ownership by an insider of Marksmen, awaits approval from the TSX Venture Exchange. Despite the insider involvement, the transaction does not affect voting interests or require a formal valuation, as it includes no equity or loan components.

More about Marksmen Energy

Marksmen Energy Inc. operates in the energy sector, primarily focusing on oil and gas exploration and development. The company is listed on the TSX Venture Exchange and the OTCB Venture Marketplace, indicating its involvement in capital markets for resource-based enterprises.

YTD Price Performance: 0.0%

Average Trading Volume: 180,521

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$2.11M

For detailed information about MAH stock, go to TipRanks’ Stock Analysis page.