Magnum Energy Amends Terms of Private Placement
June 15 2010 - 8:30AM
Marketwired
MAGNUM ENERGY INC. (the "Company") (TSX VENTURE: MEN) announces
that further to its news release of May 28, 2010, the Company has
amended the terms of its private placement. The financing will now
consist of up to 3,750,000 Class A Voting common shares in the
capital of the Company (the "Shares") at a price of $0.40 per
Share, for gross proceeds of up to $1,500,000.
All other terms of the private placement remain the same.
ON BEHALF OF THE COMPANY
Richard Nemeth, President
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Magnum Energy Inc. Richard Nemeth President & CEO
604.669.3155 rnemeth@magnumenergyinc.com
www.magnumenergyinc.com
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