Marksmen Energy (TSE:MAH) has released an update.
Marksmen Energy Inc. has canceled its initial offering of 20 million units and now plans to launch a new private placement of 30 million units at a lower price, aiming to raise up to $300,000 for projects and working capital. The new units include a common share and a purchase warrant, with an acceleration clause if share prices rise significantly. Funds will be allocated to various company projects, including optimization of Ohio wells and exploration in Central Alberta, with the offer extended to existing shareholders until June 24, 2024.
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