Marksmen Energy Inc. (TSXV:MAH) announced a non-brokered private placement 2,400,000 units at CAD 0.125 per unit for gross proceeds of CAD 300,000 on November 20, 2013. Each unit consists of one common share and one half of one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at CAD 0.18 per share for a period of three years from the date of closing. If the common shares of the company close at or above CAD 0.40 for 10 trading days at any time after the expiry of four months and one day from the date of issuance, the exercise date of the warrants shall be automatically reduced to the date that is 30 days after the date the company provides written notice to the holders of warrants of the new exercise date. The company may pay a commission or finder's fee in the transaction of up to 8% of the gross proceeds and will issue broker warrants equal to up to 8% of the number of units sold in transaction. Each broker warrant will entitle the holder to acquire one common share at a price of CAD 0.125 per share for a period of up to 12 months from the date of issuance. The securities to be issued in the transaction are subject to a hold period of four months. The transaction is subject to the approval of the TSX Venture Exchange.

On January 20, 2014, Marksmen Energy Inc. closed the transaction. The company issued 985,000 units for gross proceeds of CAD 123,125. The company did not pay any commission or finder's fee. The transaction included participation from six placees including existing investor Archibald Jonathon Nesbitt Professional Corporation for an investment of 225,000 units for gross proceeds of CAD 11,250. TSX Venture Exchange has accepted for filing documentation with respect to the transaction.