MANGANESE X PROVIDES UPDATE ON SHARE DISTRIBUTION RECORD DATE FOR SPIN-OUT OF LAC AUX BOULEAUX GRAPHITE PROPERTY
MANGANESE
X PROVIDES
UPDATE
ON SHARE
DISTRIBUTION RECORD DATE FOR SPIN-OUT
OF LAC AUX BOULEAUX
GRAPHITE PROPERTY
Montréal,
Québec -
April
9,
2021
--
InvestorsHub NewsWire -- Manganese X Energy
Corp. (TSXV:
MN)
(FSE:
9SC2)
(OTC
Pink: MNXXF)
("Manganese
X"
or
the "Company")
wishes
to clarify the
record date (the "Share
Distribution Record Date")
for determining the shareholders of the Company entitled to receive
the securities being distributed under its previously-announced
statutory plan of arrangement (the
"Arrangement")
to spin out its Lac Aux
Bouleaux
graphite property,
located in the province of Quebec. Ahead of the
Company's special meeting of shareholders (the
"Meeting"),
to be held on Monday, April 12, 2021, the Company clarifies
that
the
Company has deferred the
Share Distribution Record Date,
pending the finalization of a definitive
Closing
date. The Company intends to announce the Share Distribution Record
Date in due course, once determined, by way of a further press
release.
Further details of the Arrangement, including the Meeting
(including the date and time thereof, and the
shareholders
of the Company
entitled to vote
thereat) may be found
in the management
information circular dated March 16,
2021 prepared by the Company in connection with
the Meeting (the
"Circular").
All
shareholders of the
Company are urged to carefully read the Circular, available under
the Company's
profile on
SEDAR
at www.sedar.com, as it
contains
additional
important information concerning the Arrangement
or on
the Company's website at
www.manganesexenergycorp.com.
About
Manganese X
Manganese X's
mission is to advance its Battery Hill project into production,
with the intent of supplying value-added materials to the
lithium-ion battery and other alternative energy industries,
The
company
is also striving to achieve new carbon-friendly more efficient
methodologies, while processing manganese at a lower competitive
cost. The company is
moving toward
commercialization of a manganese deposit in
Canada
Subsidiary
Disruptive Battery's mission is to develop an HVAC air purification
delivery system for cleaner and healthier air, aiming to mitigate
COVID-19 and other contaminants on surfaces and in the
air.
For more
information visit our website at
www.manganesexenergycorp.com.
On
Behalf of the Board of Directors
Martin
Kepman
CEO and
Director
E-mail:
martin@kepman.com
Telephone:
1-514-802-1814
Cautionary
Notes
Neither
TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
press
release.
Certain
information in this press release constitutes forward-looking
statements under applicable securities laws. Any statements that
are contained in this press release that are not statements of
historical fact may be deemed to be forward-looking statements.
Forward looking statements are often identified by terms such as
"may", "should", "anticipate", "expect", "potential", "believe",
"intend" or the negative of these terms and similar
expressions.
Such forward-looking statements include, but are not limited to,
the
Company's expectations about
the
the
Arrangement and the
Share Distribution Record Date (including the timing of the
announcement thereof),
and
the timing of the Meeting to approve the Arrangement.
Forward-looking
statements necessarily involve known and unknown risks and
uncertainties that could cause actual results to differ materially
from those expressed or implied in such
forward-looking statements,
including, without limitation, risks relating to
(i)
the social and economic impacts of the COVID-19 pandemic, (ii) the
Company's dependence on management and the loss of key personnel,
(iii) the receipt of the
requisite shareholder, court, regulatory and stock exchange
approvals in
connection with the Arrangement,
and
(iv)
the
Company's business, including the mining industry in general, as
described in the Company's public filings on SEDAR, which readers
are encouraged to review in detail prior to any transaction
involving
the securities of the Company.
The
foregoing list is not intended to be exhaustive of the factors that
may affect any of the Company's forward-looking statements or
information. Although the Company has attempted to identify
important factors that could cause actual results to differ
materially, there may be other factors that cause results not to be
as anticipated, estimated, described or intended.
Readers
are cautioned not to place undue reliance on forward-looking
statements
as there can be no assurance that the plans, intentions or
expectations upon which they are placed will occur. Readers are
further cautioned that the assumptions used in the preparation of
such forward-looking statements (including, but not limited to, the
assumption that (i)
the Company and
Graphano
will satisfy, in a timely manner, all conditions precedent
to
completion of the Arrangement,
and
(ii) all necessary regulatory and shareholder approvals will be
obtained in a timely manner, and on terms acceptable to the
Company),
although considered reasonable by management of the Company at the
time of preparation, may prove to be imprecise and result in actual
results differing materially from those anticipated, and as such,
undue reliance should not be placed on forward-looking
statements.
The
forward-looking statements included in this press release are made
as of the date of this press release and the Company does not
undertake an obligation to publicly update such forward-looking
statements to reflect new information, subsequent events or
otherwise unless required by applicable securities laws.
Forward-looking statements, forward-looking financial information
and other metrics presented herein are not intended as guidance or
projections for the periods referenced herein or any future
periods, and in particular, past performance is not an indicator of
future results and the results of the Company in this press release
may not be indicative of, and are not an estimate, forecast or
projection of the Company's future results. Forward-looking
statements contained in this press release are expressly qualified
by this cautionary statement.
Not
for distribution to United States newswire services or for
dissemination in the United States.
Manganese X Energy (TSXV:MN)
과거 데이터 주식 차트
부터 10월(10) 2024 으로 11월(11) 2024
Manganese X Energy (TSXV:MN)
과거 데이터 주식 차트
부터 11월(11) 2023 으로 11월(11) 2024