Manganese X Energy Corp. Announces Graphano to Commence Trading on
Thursday
September 30, 2021
Montréal,
Québec, Canada, September 28, 2021 -- InvestorsHub NewsWire
-- -
Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (OTC:QB MNXXF) ("Manganese
X")
and Graphano Energy Limited
("Graphano")
(TSXV: GEL) are pleased to announce that
Graphano has been approved to begin trading through the facilities
of the TSX Venture Exchange (the "TSXV"
or the "Exchange")
to begin on Thursday
September 30, 2021 under the trading symbol "GEL".
While
Manganese X
and
Graphano regret the earlier delays with respect to the commencement
of trading, they are very pleased that the Exchange has advised
that a Bulletin will be issued on September 28, 2021 to announce
the commencement of trading on September 30, 2021.
Martin
Kepman, CEO of Manganese X, said
"Although the spin-out process has taken much longer than
anticipated, it has now come to a successful conclusion, and we are
thrilled to announce the commencement of trading of Graphano's
shares on the TSXV. We are also pleased to announce that the
Graphano shares which were issued at $0.05 per share have been
consolidated on a 6.5:1 basis and are now have a revised deemed
issuance price of $0.325 per Graphano share."
Luisa
Moreno, CEO of Graphano commented
"While the delays were disappointing and frustrating, the end
result is the right one; Graphano will be trading as a Tier 2
mining company of the Exchange, and we look forward to making our
many shareholders very happy with the rapid progress that we have
planned on the LAB Project. We also intend to be reviewing other
possible acquisition opportunities as we are able to identify them
with a view to becoming a significant exploration and development
company of technology minerals. Please stay tuned."
About Manganese X Energy Corp.
Manganese X's
mission is to advance its Battery Hill project into production,
with the intent of supplying uncommonly advanced value-added
materials to the lithium-ion battery and other alternative energy
industries. The company is also striving to achieve new
environment-friendly more efficient methodologies, while processing
manganese at a lower competitive cost. The company is the only
publicly traded manganese company in Canada and the USA moving
rapidly toward commercialization of
a manganese deposit
Subsidiary
Disruptive Battery Corp.'s mission is to develop an HVAC (heating,
ventilation and air conditioning) air purification delivery system
for cleaner and healthier air, aiming to mitigate COVID-19 and
other contaminants on surfaces and in the air. For
more information visit the website at www.manganesexenergycorp.com
About Graphano Energy Limited
Graphano is a
mining company that is focused on evaluating, acquiring and
developing graphite resources with potential—from exploration to
production. Graphite is one of the most in-demand technology
minerals that is required for a green and sustainable world.
Graphano has state-of-the-art, environmentally friendly mining
technology. Our property, located in Quebec, Canada, has
historically been a natural resource for graphite. With the demand
for graphite growing in some of the most prominent and cutting-edge
industries, such as lithium batteries in electric cars and
robotics, we have updated our technology to meet the demands of the
future.
On behalf of the
Board of Directors of
MANGANESE X
ENERGY CORP.
Martin
Kepman
CEO and
Director
Email: martin@kepman.com
Tel: 1-514-802-1814
On behalf of the
Board of Directors of
GRAPHANO
ENERGY LIMITED
Luisa
Moreno
CEO and
Director
Email: graphano@gmail.com
Cautionary Note
Regarding Forward-Looking Statements:
Neither the TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Certain information in this press release constitutes
forward-looking statements under applicable securities laws. Any
statements that are contained in this press release that are not
statements of historical fact may be deemed to be forward-looking
statements.
Forward-looking
statements are often identified by terms such as "may", "should",
"anticipate", "expect", "potential", "believe", "intend" or the
negative of these terms and similar expressions. Such
forward-looking statements include, but are not limited to: (i) the
expectations regarding the timing for the listing of Graphano's
shares on the TSXV; (ii) statements with respect to the LAB
Project; (iii) statements with respect to the
commercialization of a manganese deposit; and
(iv) the publishing of a
Preliminary Economic Assessment with respect to the manganese
deposit.
Readers are
further cautioned that the assumptions used in the preparation of
such forward-looking statements (including, but not limited to, the
assumption that (i) all regulatory and stock exchange approvals
will be obtained in a timely manner, and on terms acceptable to the
companies, and (ii) the circumstances surrounding the COVID-19
pandemic, although evolving, will stabilize and will not materially
impede or affect the ability of the companies to achieve its
strategic goals, although considered reasonable by management of
the companies at the time of preparation, may prove to be imprecise
and result in actual results differing materially from those
anticipated, and as such, undue reliance should not be placed on
forward-looking statements.
Forward-looking
statements necessarily involve known and unknown risks and
uncertainties that could cause actual results to differ materially
from those expressed or implied in such forward-looking statements,
including, without limitation, risks relating to (i) the social and
economic impacts of the COVID-19 pandemic, (ii) the business of the
companies, including the mining industry in general, as described
in the public filings of the companies on SEDAR; (iii) the
companies' potential inability to continue as a going concern; and
(iv) risks with respect to a collapse in the value of manganese and
lithium.
The foregoing list
is not intended to be exhaustive of the factors that may affect any
of the companies' forward-looking statements or information.
Although the companies have attempted to identify important factors
that could cause actual results to differ materially, there may be
other factors that cause results not to be as anticipated,
estimated, described or intended. Readers are cautioned not to
place undue reliance on forward-looking statements as there can be
no assurance that the plans, intentions or expectations upon which
they are placed will occur. The forward-looking statements included
in this press release are made as of the date of this press release
and the companies do not undertake an obligation to publicly update
such forward-looking statements to reflect new information,
subsequent events or otherwise unless required by applicable
securities laws.
Forward-looking
statements, forward-looking financial information and other metrics
presented herein are not intended as guidance or projections for
the periods referenced herein or any future periods, and in
particular, past performance is not an indicator of future results
and the results of the companies in this press release may not be
indicative of, and are not an estimate, forecast or projection of
the companies' future results. Forward-looking statements contained
in this press release are expressly qualified by this cautionary
statement.
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