Vancouver, British Columbia – TheNewswire – October 24, 2019 – Manning Ventures Inc. (the “Company” or “Manning“) is pleased to announce that it has completed its initial public offering pursuant to a prospectus dated August 30, 2019 (the “Offering“) in which it issued an aggregate of 3,400,000 common shares of the Company (each, a “Common Share“) at a purchase price of $0.10 per Common Share. This generated aggregate gross proceeds of $340,000.
PI Financial Corp. acted as agent on a commercially reasonable efforts basis in respect of the Offering and received a cash commission, a corporate finance fee and 200,000 corporate finance warrants in consideration for its services. In addition, Manning issued 238,000 non-transferable Agent’s Warrants to purchase Common Shares (together with the corporate finance warrants, the “Warrants“). Each Warrant is exercisable for a period of two years from closing of the Offering, at an exercise price of $0.10 per Common Share.
Proceeds of the Offering will be applied to finance the Company’s exploration work and for working capital purposes.
Manning is also pleased to announce that it has received approval of its application to list its Common Shares on the Canadian Securities Exchange (the “Exchange”). Manning’s Common Shares were listed on the Exchange on October 23, 2019 and immediately halted pending closing of the Offering. The Common Shares are expected to commence trading on the Exchange on or about October 25, 2019 under the trading symbol “MANN“.
About Manning Ventures Inc.
Manning is a British Columbia based company involved in the acquisition and exploration of copper-gold porphyry mineral properties, with a focus in Canada.
Contact Information
Manning Ventures Inc.
Zula Kropivnitski, Chief Financial Officer
Email: zkropivnitski@preaknessgroup.com
Telephone: (604) 681-0084
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release includes “forward-looking information” that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Statements regarding trading of the Common Shares on the Exchange are subject to all of the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking statements. Such forward-looking statements represent management’s best judgment based on information currently available.
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