Commodities
Marksmen Seeks Up to $1.2M in Private Placement
Marksmen Energy Inc., a junior oil and gas company in Alberta, Canada, announced plans to complete a non-brokered private placement of up to 10 million common shares at $0.12 per share for up to $1.2 million in gross proceeds.
The offering also includes an over-allotment option that could increase the maximum gross proceeds by another $180,000.
Marksmen intends to use a portion of the funds to pay finder's fees and working capital costs associated with the private placement.
In addition, the company plans to acquire non-operated working interests in existing oil properties in Alberta from a private operator for up to $1 million.