Manson Creek Updates Jade Sample Preparation Progress and Announces Financing ET | Source: Manson Creek Resources Ltd.
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CALGARY, Alberta, Dec. 05, 2017 (GLOBE NEWSWIRE) — Manson Creek Resources Ltd. (TSX.V:MCK) (“Manson”, or “the Company”) is pleased to announce progress towards finalizing its evaluation of first pass samples from its summer exploration work at the DJ Jade project.
Two of the Company’s executives have recently returned from the 2017 Zi Gang Cup Jade and Stone Works Exhibition, held in Suzhou, Jiangsu province, China. While there they had an opportunity to present an initial suite of some of the DJ Jade project’s samples and consult with some of the world’s most recognized Jade carvers, including both Chinese and International artists. In addition, market research was conducted to evaluate current market trends including rough and final product prices, and some specialized tools were procured to complete sample preparation.
Manson expects to have a final range of representative sample specimens cut, polished and photographed for dissemination within the coming weeks.
The Company also announces a non-brokered private placement of up to 1 million Units, at a price of $0.20 per Unit. Each Unit consists of one common share and one half of a common share purchase warrant. Each full common share purchase warrant (a “Warrant”) will entitle the holder to purchase an additional common share at a price of $0.30 per share for a period of two years following closing.
The Units are to be offered on a non-brokered basis by way of private placement to accredited investors and all securities issued under the offering will be subject to a hold period of four months plus one day from the date of closing. A finder’s fee of 5% may be paid to eligible agents upon closing. This financing is subject to TSX Venture approval.
On Behalf of the Board of Directors,
The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.
Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as “expects”, “projects”, “plans”, “anticipates” and similar expressions, are forward-looking information that represents management of Manson Creek’s internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of Manson Creek. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Manson Creek’s actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in Manson Creek’s filings with the Canadian securities authorities. Accordingly, holders of Manson Creek shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. Manson Creek disclaims any responsibility to update these forward-looking statements.
For Further Information Contact:
Jean Pierre Jutras at 1.403.233.0464