Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (TRADEGATE: 9SC2) (OTC Pink: MNXXF) ("Manganese" or the "Company") announces it has closed its previously announced non-brokered private placement for gross proceeds of approximately $2,000,000 through the issuance of 24,999,145 units (a "Unit" or "Units") of the Company at $0.08 per Unit (the "Offering"). Each Unit is comprised of one common share in the capital of the Company (each, a "Common Share") and one common share purchase warrant (each, a "Warrant") being exercisable into one Common Share at a price of $0.15 per share for a period of three (3) years from closing.
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