Manganese X Energy Announces Dr. Moreno to the Board of Directors and Granting of Options
Montreal, Quebec–(Newsfile Corp. – February 23, 2017) – Manganese X Energy Corp. (the “Company”) (TSXV: MN) (FSE: 9SC2) (OTC: SNCGF) is pleased to inform shareholders that Dr. Luisa Moreno has accepted an appointment to its Board of Directors.
Dr. Moreno is Co-founder and Managing Partner of Toronto-based Tahuti Global, a successful Global Advisory and Consulting firm supplying services to government institutions, investment firms and companies in the mineral resource sector. She has been involved in industry metals, with a major focus on technology and energy metal companies, for many years and has published reports on rare earths and other critical metals. She has also been a guest speaker on television and at international conferences and has been quoted in newspapers and industry blogs. Dr. Moreno held positions as a Senior Analyst, at Toronto based-investment banks and as an Investment Research Analyst at a global investment research firm. She holds a bachelor’s degree and a master’s degree in physics engineering, as well as a Ph.D. in materials and mechanics from Imperial College, London.
“We are very pleased to have Dr. Moreno agree to join the board. Dr. Moreno’s technical and economic research abilities, along with her unparalleled expertise in strategic minerals and related processes within the critical metals industry, will make her a valuable addition to the Manganese X Energy team,” said Martin Kepman, CEO of Manganese X Energy Corp. “I look forward to working with Dr. Moreno as we continue to build Manganese X Energy within the manganese/EMD evolution in North America. With the addition of Dr. Moreno to our board of directors along with Peter Godbehere (advisory board member), our VP of Exploration, Roger Dahn and director Mark Billings, we are now very confident that we have formed a very well-seasoned experienced technical team, which will enable us to strive to become the first North American manganese producer to supply the North American EMD market. Our technical team will focus on metallurgical processing to produce a high grade concentrate, economical, cost saving, environmentally friendly processes which we anticipate to be very price competitive.”
Mr. Anthony Viele has resigned to allow Dr. Moreno to join the board as an Alternate Director and has been appointed to the Technical & Marketing Advisory Board.
Granting of Options
The Company is pleased to announce that the Company has granted 400,000 incentive stock options to various Directors and members of Technical & Marketing Advisory Board. The options are exercisable at $0.21 per option for a period of 3 years from the date of grant and have no vesting conditions. The options are being issued under the terms of the Company’s Stock Option Plans which were approved by shareholders at the Company’s Annual General and Special Meeting on April 21, 2016. The Option Plan has been submitted, in the normal course to the TSX Venture Exchange for approval and no options can be exercised prior to the receipt of this approval.
About Manganese X Energy
Manganese’s X mission is to acquire and advance high potential manganese mining prospects located in North America with the intent of supplying value added materials to the lithium ion battery and other alternative energy industries. In addition our company is striving to achieve new methodologies emanating from environmentally and geographically ethical and friendly green/zero emissions technologies, while processing manganese at a lower competitive cost.
For more information, visit the website at www.manganesexenergycorp.com .
ON BEHALF OF THE BOARD OF DIRECTORS
CEO and Director
Cautionary Note Regarding Forward-Looking Statements:
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.
This news release contains “forward-looking information” including statements with respect to the future exploration performance of the Company. This forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements of the Company, expressed or implied by such forward-looking statements. These risks, as well as others, are disclosed within the Company’s filing on SEDAR, which investors are encouraged to review prior to any transaction involving the securities of the Company. Forward-looking information contained herein is provided as of the date of this news release and the Company disclaims any obligation, other than as required by law, to update any forward-looking information for any reason. There can be no assurance that forward-looking information will prove to be accurate and the reader is cautioned not to place undue reliance on such forward-looking information. We seek safe harbor.