Manganese X Energy Corp. announced a non-brokered private placement of 8,230,000 flow-through common shares at a price of CAD 0.11 per share for the gross proceeds of CAD 905,300 on December 22, 2023. As a part of the transaction, the company paid cash commissions totaling of CAD 63,371 and issued a total of 576,099 finder warrants, each entitling the holder to purchase one common share at the price of CAD 0.15 until Dec. 22, 2025 to certain finders. All securities issued pursuant to the Private Placement are subject to a statutory four-month hold period expiring April 23, 2024. The Private Placement remains subject to receipt of applicable regulatory approvals, including final acceptance by the TSX Venture Exchange.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 3 placees.