(TheNewswire)
Vancouver, British Columbia – TheNewswire - March 8, 2022 –Manning Ventures Inc. (the “ Company ” or “ Manning ”)(CSE:MANN ) ; ( Frankfurt:1H5 ) ; (CNSX:MANN.CN); (OTC: MANVF) is pleased to announce that, further to its newsrelease dated February 22, 2022, it has completed the acquisition ofRed Bay Exploration Inc. (“ Red Bay ”) pursuant to the terms andconditions of a share exchange agreement dated February 22, 2022 (the“ DefinitiveAgreement ”) among the Company, Red Bay and theshareholders of Red Bay (the “ Red Bay Shareholders ”).
Pursuant to the terms of the Definitive Agreement, theCompany issued an aggregate of 9,000,000 common shares in the capitalof the Company (the “ PaymentShares ”) pro rata to the RedBay Shareholders at a deemed price of $0.085 per Payment Share inexchange for 100% of the issued and outstanding common shares in thecapital of Red Bay.
About Manning
Manning is a broad-based mineral exploration anddevelopment company with a focus in Canada. Manning holds a 100%interest in six mineral properties located in the Province of Quebec.The Company is also currently earning towards a majority interest inthe Flint Lake Gold Project located in the Province of Ontario.
For furtherinformation contact:
Manning Ventures Inc.
Alex Klenman - CEO
Email: info@manning-ventures.com
Telephone: (604) 681-0084
www.manning-ventures.com
The securities of the Companyreferred to in this news release have not been and will not beregistered under the United States Securities Act of 1933, as amended(the “ U.S. Securities Act ”), orany state securities laws. Accordingly, the securities of the Companymay not be offered or sold within the United States unless registeredunder the U.S. Securities Act and applicable state securities laws orpursuant to an exemption from the registration requirements of theU.S. Securities Act and applicable state securities laws. This newsrelease does not constitute an offer to sell or a solicitation of anyoffer to buy any securities of the Company in any jurisdiction inwhich such offer, solicitation or sale would be unlawful.
FORWARD LOOKING STATEMENTS:
This news release includes certainstatements that may be deemed “forward-looking statements”. Allstatements in this news release, other than statements of historicalfacts, that address events or developments that the Company expects tooccur, are forward-looking statements. Forward-looking statements arestatements that are not historical facts and are generally, but notalways, identified by the words “expects”, “plans”,“anticipates”, “believes”, “intends”, “estimates”,“projects”, “potential” and similar expressions, or thatevents or conditions “will”, “would”,
“may”, “could” or “should” occur. Although the Company believes theexpectations expressed in such forward-looking statements are based onreasonable assumptions, such statements are not guarantees of futureperformance and actual results may differ materially from those in theforward-looking statements. Factors that could cause the actualresults to differ materially from those in forward-looking statementsinclude regulatory actions, market prices, and continued availabilityof capital and financing, and general economic, market or businessconditions. Investors are cautioned that any such statements are not guarantees of futureperformance and actual results or developments may differ materiallyfrom those projected in the forward-looking statements.Forward-looking statements are based on the beliefs, estimates andopinions of the Company's management on the date the statements aremade. Except as required by applicable securities laws, the Companyundertakes no obligation to update these forward-looking statements inthe event that management's beliefs, estimates or opinions, or otherfactors, should change.
Copyright (c) 2022 TheNewswire - All rights reserved.