Manning Ventures Announces Closing Of Shares For Debt Settlement
Vancouver - Manning Ventures Inc. (the "Company" or "Manning") (CSE: MANN; Frankfurt: 1H5; US: MANVF) is pleased to announce that it has finalized and executed debt settlement agreements (the "Settlement Agreements") with certain creditors of the Company (the "Creditors") to settle an aggregate of $578,500.00 in debt (the "Debt"). In settlement of the Debt, the Company has issued an aggregate of 23,140,000 common shares of the Company (the "Shares"). All Shares issued in connection with the Settlement Agreement are subject to a statutory hold period of four months plus a day from the date of issuance of the Shares in accordance with applicable securities legislation.
The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities.
About Manning
Manning Ventures is a mineral exploration and development company focused metals and materials critical to the growing Energy Metals space. Manning's project portfolio is focused on Copper in Nevada, Lithium/Copper in Ontario and Quebec, and multiple Iron Ore projects in Quebec.
For further information contact:
Manning Ventures Inc.
Alex Klenman - CEO
Email: info@manning-ventures.com
Telephone: (604) 681-0084
www.manning-ventures.com
Neither the CSE nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.
THIS NEWS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF ANY OFFER TO BUY, NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL. THE DEBENTURES AND THE SHARES WHICH MAY BE ISSUED ON EXERCISE THEREOF HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "U.S. SECURITIES ACT") AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE U.S. SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS.
Cautionary Statement Regarding "Forward?Looking" Information
Certain statements contained in this news release may constitute forward?looking information. Forward?looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", and similar expressions. Forward?looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward?looking information. The Company's actual results could differ materially from those anticipated in this forward?looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, changes to the Company's strategic growth plans, and other factors, many of which are beyond the control of the Company. The Company believes that the expectations reflected in the forward?looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward?looking information should not be unduly relied upon. Any forward?looking information contained in this news release represents the Company's expectations as of the date hereof, and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward?looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.
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