Manganese X Energy announces that it intends to complete a non-brokered private placement offering of up to 60,000,000 subscription receipts at a price of $0.035 per Subscription Receipt to raise gross proceeds of up to $2,100,000. Manganese X is pleased to report that Mr. Eric Sprott has agreed to subscribe for 57,142,857 of the Subscription Receipts for an investment of $2,000,000. As a result, Mr. Sprott will become a
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