Manganese X Energy Corp V.MN

Alternate Symbol(s): MNXXF

Metals & Mining Industrial Metals & Minerals

Manganese X Energy Corp. is a Canada-based mining company. The Company is engaged in acquiring and advancing mining prospects located in North America with a focus on supplying value-added materials to the lithium-ion battery and other alternative energy industries. Its segments include the acquisition and exploration of mineral property interests in Canada, and technology development through its subsidiary Disruptive Battery Corp. (DBC), which includes a heating, ventilation and air conditioning (HVAC) system to respond to air quality needs. The Company’s principal project is its Battery Hill manganese property located in the Canadian province of New Brunswick. The property consists of about 55 claims covering 1,228 hectares (ha) about five kilometers (km) northwest of the town of Woodstock in Carlton County, southwestern New Brunswick. Its Peter Lake Property consists of 44 mining titles totaling approximately 2568 hectares located in the Central Grenville Province, Quebec.

TSXV:MN - Post by User

Manganese X Energy Corp

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Post by Laphroigon Jun 10, 2019 11:18am

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Post# 29811731

What's in the box? What's in the box?

So .. we're waiting to hear from a company that we know very little about and which we own 15% of - regarding their acquisition of producing oil and gas properties that are cash bearing. It is our intention to use the proceeds from these oil and gas fields to further our own projects. Question - aren't we buying 15% of a company and not just their oil and gas acquisitions? What if this company loses money? Are we on the hook? There's something unusual about this entire transaction?

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