Montréal, Québec--(Newsfile Corp. - September 28, 2021) - Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (OTCQB: MNXXF) ("Manganese X") and Graphano Energy Limited ("Graphano") (TSXV: GEL) are pleased to announce that Graphano has been approved to begin trading through the facilities of the TSX Venture Exchange (the "TSXV" or the "Exchange") to begin on Thursday September 30, 2021 under the trading symbol "GEL".
While Manganese X and Graphano regret the earlier delays with respect to the commencement of trading, they are very pleased that the Exchange has advised that a Bulletin will be issued on September 28, 2021 to announce the commencement of trading on September 30, 2021.
Martin Kepman, CEO of Manganese X, said, "Although the spin-out process has taken much longer than anticipated, it has now come to a successful conclusion, and we are thrilled to announce the commencement of trading of Graphano's shares on the TSXV. We are also pleased to announce that the Graphano shares which were issued at $0.05 per share have been consolidated on a 6.5:1 basis and are now have a revised deemed issuance price of $0.325 per Graphano share."
Luisa Moreno, CEO of Graphano, commented, "While the delays were disappointing and frustrating, the end result is the right one; Graphano will be trading as a Tier 2 mining company of the Exchange, and we look forward to making our many shareholders very happy with the rapid progress that we have planned on the LAB Project. We also intend to be...
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