MARKSMEN ANNOUNCES CLOSING OF PRIVATE PLACEMENT

CALGARY, ALBERTA, Aug. 23, 2024 (GLOBE NEWSWIRE) -- Marksmen Energy Inc. (“Marksmen” or the “Company”) announces that it has completed the closing of its previously announced non-brokered private placement of units (the “Units”) of Marksmen (the “Offering”). The Company issued 19,325,000 Units at a price of $0.01 per Unit for aggregate gross proceeds of $193,250. Each Unit is comprised of one (1) common share (“Common Share”) and one (1) share purchase warrant (“Warrant”) of Marksmen. Each whole Warrant entitles the holder thereof to purchase one Common Share at a price of $0.05 per share expiring two (2) years from the date of issuance, subject to acceleration provisions (see news release dated May 10, 2024).

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