A Calgary-based energy company just announced that it has completed the second and final closing of its previously announced non-brokered private placement. Marksmen Energy Inc. (TSX-V:MAH) said the company issued 12,575,000 units at a price of $0.04 per unit for aggregate gross proceeds of $503,000, bringing total proceeds of the offering to the maximum of $600,000.
Marksmen is involved in the acquisition, exploration for, and development of petroleum and natural gas. The company's revenue is derived entirely through the sale of crude oil. Geographically, the group has a business presence in the United States and Canada. The company's project includes the Cambrian Knox Unconformity Project.
Traders seemed to be optimistic on the news as shares traded up to $0.055/share (+10%) following the news. This move is a strong continuation of the success this stock has had over the last month coming from around just $0.03/share.
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