Mr. Alex Klenman reports
MANNING VENTURES ANNOUNCES NON-BROKERED PRIVATE PLACEMENT AND RESIGNATION OF DIRECTOR
Manning Ventures Inc. intends to complete a non-brokered private placement of up to five million common shares of the company at an issue price of six cents per share, for gross proceeds of up to $300,000. In its discretion, the company may increase or decrease the size of the offering in accordance with the policies of the Canadian Securities Exchange.
The company intends on using the net proceeds from the offering for general working capital purposes.
In connection with the offering, the company may pay finders' fees in cash or securities, or a combination thereof, to certain finders, as permitted by the policies of the exchange. There is no minimum number of shares or minimum aggregate proceeds required to close the offering and the company may, at its discretion, elect to close the offering in one or more tranches.
The securities issued pursuant to the offering are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. Closing of the offering and the issuance of the shares are subject to a number of conditions, including receipt of all necessary regulatory and corporate approvals, including approval from the exchange.
The company also announces that Etienne Moshevich is resigning as chairman of the board and as a director of the company effective March 20, 2026. The company expresses its gratitude for his services to the company.
About
Manning
Ventures Inc.
Manning Ventures is a mineral exploration and development company focused metals and materials critical to the growing energy metals space. Manning's project portfolio is focused on copper in Nevada, lithium/copper in Ontario and Quebec, and multiple iron ore projects in
Quebec.
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