Manganese X. Notified by Mountain Springs Oil and Gas Limited-Delay in Acquiring Western Oil and Gas Property Until July 11th 2019
Montreal, Quebec--(Newsfile Corp. - June 17, 2019) - Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (TRADEGATE: 9SC2) (OTC Pink: SNCGF) ("Manganese X") Manganese X has been notified by Mountain Spring Oil and Gas Limited (MSOG) that there has been an extension from the previous date of June 14th in acquiring their anticipated oil and gas property located in Western Canada, until July 11th 2019.
The vendor of the property is presently under the Companies' Creditors Arrangement Act (CCAA), involving a court process. The court has granted a further stay of proceedings to July 11, 2019. MSOG's bid is already lodged, and as previously informed, it was the highest bid (all cash). MSOG and Manganese X will be looking forward to the July 11 results.For further details, please refer to https://relieffromdebt.ca/elcano-group/
Manganese's mission is to acquire and advance high potential manganese mining prospects located in North America with the intent of supplying value added materials to the lithium ion battery and other alternative energy industries. In addition, our company is striving to achieve new methodologies emanating from environmentally geographically ethical and friendly green/zero emissions, while processing manganese at a lower competitive cost. For more information visit the website at www.manganesexenergycorp.com.
On behalf of the Board of Directors of
MANGANESE X ENERGY CORP.
CEO and Director
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This news release contains "forward-looking information" including statements with respect to the future exploration performance of the Company. This forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements of the Company, expressed or implied by such forward-looking statements. These risks, as well as others, are disclosed within the Company's filing on SEDAR, which investors are encouraged to review prior to any transaction involving the securities of the Company. Forward-looking information contained herein is provided as of the date of this news release and the Company disclaims any obligation, other than as required by law, to update any forward-looking information for any reason. There can be no assurance that forward-looking information will prove to be accurate and the reader is cautioned not to place undue reliance on such forward-looking information.
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