(TheNewswire)
Vancouver, BC - TheNewswire - December 30 , 2022 - ManningVentures Inc. (the “ Company ” or “ Manning ”)(CSE:MANN ) ( Frankfurt:1H5) is pleased to announce that it has closed a non-brokered private placement of 15,950,000 common shares (“ Shares ”) at a priceof $0.05 per Share for gross proceeds of$797,500 (the “ Offering ”). TheCompany intends to use the proceeds from the Offering for explorationon its properties as well as for general working capital.
All of the securities issued in the Offering aresubject to a hold period of 4 months and a day pursuant to applicablesecurities laws which expires on May 1, 2023.
The securities issued pursuant to theOffering have not, nor will they be registered under the United StatesSecurities Act of 1933, as amended, and may not be offered or soldwithin the United States or to, or for the account or benefit of, U.S.persons in the absence of U.S. registration or an applicable exemptionfrom the U.S. registration requirements. This news release shall notconstitute an offer to sell or the solicitation of an offer to buy norshall there be any sale of the securities in the United States or inany other jurisdiction in which such offer, solicitation or sale wouldbe unlawful.
About Manning
Manning is a broad-based mineralexploration and development company with a focus in Canada. Manningholds a 100% interest in the Bounty Lithium Project, located inQuebec, and the Dipole Lithium Project, in Newfoundland. The Companyalso retains interest in six Iron Ore properties located in theProvince of Quebec, and a portfolio of polymetallic projects inNewfoundland.
For furtherinformation contact:
Manning Ventures Inc.
Alex Klenman - CEO
Email: info@manning-ventures.com
Telephone: (604) 681-0084
www.manning-ventures.com
FORWARD LOOKING STATEMENTS:
This news releaseincludes certain statements that may be deemed “forward-lookingstatements”. All statements in this new release, other thanstatements of historical facts, that address events or developmentsthat the Company expects to occur, are forward-looking statements.Forward-looking statements are statements that are not historicalfacts and are generally, but not always, identified by the words“expects”, “plans”, “anticipates”, “believes”,“intends”, “estimates”, “projects”, “potential” andsimilar expressions, or that events or conditions “will”,“would”, “may”, “could” or “should” occur. Althoughthe Company believes the expectations expressed in suchforward-looking statements are based on reasonable assumptions, suchstatements are not guarantees of future performance and actual resultsmay differ materially from those in the forward-looking statements.Factors that could cause the actual results to differ materially fromthose in forward-looking statements include market prices, continuedavailability of capital and financing, and general economic, market orbusiness conditions. Investors are cautioned that any such statementsare not guarantees of future performance and actual results ordevelopments may differ materially from those projected in theforward-looking statements. Forward-looking statements are based onthe beliefs, estimates and opinions of the Company’s management onthe date the statements are made. Except as required by applicablesecurities laws, the Company undertakes no obligation to update theseforward-looking statements in the event that management's beliefs,estimates or opinions, or other factors, should change.
Neither the CanadianSecurities Exchange nor its Regulation Services Provider acceptsresponsibility for the adequacy or accuracy of thisrelease.
THIS NEWS RELEASE IS INTENDED FORDISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TOUNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITEDSTATES.
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