Manson Creek Resources Announces Closing of Last Tranche of Private Placement
CALGARY, Jan. 11, 2018 - Manson Creek Resources Ltd. (TSX.V:MCK) (“Manson”) is pleased to announce that it has closed the final tranche of its previously announced non-brokered private placement (the “Offering”) consisting of 212,500 Units at a price of $0.20 per Unit to raise gross proceeds of $42,500. Each unit consisted of one common share and one half of a common share warrant. Each full common share purchase warrant (a “Warrant”) entitles the holder to purchase one half of an additional common share at a price of $0.30 per share until January 11, 2020.All securities issued in connection with the Offering were subject to a four month hold period from the date of each closing. No finder’s fees will be payable in connection with the second tranche of the Offering.
Manson issued a total of 1,000,000 Units pursuant to this private placement for gross proceeds of $200,000. The net proceeds from the Offering will be used for working capital, general corporate purposes and property exploration expenditures.
Other:
Mr. Jutras representing Manson Creek will be giving a talk titled "Jade Exploration In The Context Of The Currently Re-Emerging Chinese Nephrite Jade Market", at The Calgary Mineral Exploration Group January 12 luncheon. Details on time and location can be found at www.megcalgary.com.
On Behalf of the Board of Directors,
“Jean-Pierre Jutras”
Jean-Pierre Jutras
President/Director
The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.
Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as “expects”, “projects”, “plans”, “anticipates” and similar expressions, are forward-looking information that represents management of Manson Creek’s internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of Manson Creek. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Manson Creek’s actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in Manson Creek’s filings with the Canadian securities authorities. Accordingly, holders of Manson Creek shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. Manson Creek disclaims any responsibility to update these forward-looking statements
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
For Further Information Contact:
Jean Pierre Jutras at 1.403.233.0464
http://www.manson.ca
