Marksmen Energy Inc. announced a non-brokered private placement of up to 7,000,000 units at an issue price of CAD 0.05 per unit for gross proceeds of up to a maximum of CAD 350,000 on July 12, 2023. Each units will be comprised of one common share and one share purchase warrant. Each whole warrant entitles the holder thereof to purchase one common share for CAD 0.10 expiring two years from the date of the closing of the offering.

The company may pay a cash commission or finder's fee to qualified non-related parties of up to 8% of the gross proceeds of the offering up to CAD 28,000 and broker warrants equal to 8% of the number of units sold in the offering up to 560,000 broker warrants. Each broker warrant will entitle the holder to acquire one common share at a price of CAD 0.05 per broker warrant for a period of one year from the date of issuance. Completion of the offering is subject to regulatory approval including, but not limited to, the approval of the TSX Venture Exchange.

The common shares and warrants issued will be subject to a four month hold period from the date of the closing of the offering. It is expected that insiders of the company will participate in the offering. The offering is being offered to all of the existing shareholders of the company who are permitted to subscribe pursuant to the existing shareholder exemption.

This offer is open until August 31, 2023, or such other date or dates as the company determines and one or more closings are expected to occur, with the first closing anticipated for on or about July 28, 2023.