MARKSMEN ANNOUNCES TERMINATION OF PREVIOULSY ANNOUNCED PRIVATE PLACEMENT, PROPOSED NEW PRIVATE PLACEMENT AND RESIGNATION OF DIRECTOR AND OFFICER
The Units will be comprised of one (1) common share (“Common Share”) and one (1) share purchase warrant (“Warrant”) of Marksmen.
- The Units will be comprised of one (1) common share (“Common Share”) and one (1) share purchase warrant (“Warrant”) of Marksmen.
- Each whole Warrant entitles the holder thereof to purchase one Common Share for $0.05 expiring two (2) years from the date of the closing of the Offering.
- The Offering is being offered to all of the existing shareholders of Marksmen who are permitted to subscribe pursuant to the Existing Security Holder Exemption.
- The Company also announces the resignation of Martin Shumway, as a director and officer of Marksmen, and its subsidiary, Marksmen Energy USA, Inc. Marksmen thanks Mr. Shumway for his contributions to the Company and wishes him success in his future endeavors.