Marksmen Energy closes private placement, raises $518,915 at $0.12/share
Bitget2026/09/21 21:39- Marksmen Energy closed a non-brokered private placement of 4,324,291 common shares at $0.12 each, raising gross proceeds of $518,915.
- Proceeds earmarked for debt reduction, offering costs, working capital, Ohio well workovers, enhanced recovery, infrastructure upgrades.
- Insiders bought 3,704,291 shares, representing 69.98% of the placement.
- J. David Clements raised his stake to 17.91%; John Niedermaier to 12.75%; Archie Nesbitt to 11.31%.
- Conex Services debt-for-shares settlement remains pending definitive documentation, TSX Venture Exchange acceptance.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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