Manganese X Energy Corp. (TSXV:MN) announced a non-brokered private placement on best efforts basis 4,000,000 units at a price of CAD 0.15 per unit for proceeds of CAD 600,000 and 4,000,000 flow through shares at a price of CAD 0.15 per share for proceeds of CAD 600,000 for gross proceeds of CAD 1,200,000 on January 13, 2017. Each unit consists of one common share and one warrant. Each warrant entitles the holder to purchase one additional common share at a price of CAD 0.25 for 24 months from the date of closing. The transaction may include participation from certain principals and insiders of the company. The finders will receive 8% of the cash proceeds raised and compensation warrants equal to 8% of the warrants issued. The securities issued are subject to a hold period of four months from the date of closing. The transaction is subject to receipt of all necessary corporate and regulatory approvals including TSX Venture Exchange approval.