Mansfield-Martin Exploration Mining, Inc. announced that it has entered into an equity purchase agreement for private placement of common shares with L2 Capital, LLC for gross proceeds of up to $3,000,000 on February 9, 2017. The company will receive funding over a period expiring on February 9, 2019. The shares will be issued at a price equal to 75% of the prevailing OTC market price. The company issued a $90,000 8% convertible promissory note to pay a 3% capital commitment fee. The note requires the company to repay $45,000 with interest in six months and the balance upon the effective date of the referenced Form S-1, or an additional six months, whichever is earlier. The company will receive a minimum amount not less than $25,000 and a maximum amount up to the lesser of $500,000 or 150% of the average daily trading value; provided that such minimum amount of put shares may be decreased and such maximum amount of put shares may be increased subject to the investor's approval. The company will pay an amount equal to $10,000 for investor's legal fees.