RE:Manganese X Announces | Graphano Private PlacementThe transactions contemplated by the Arrangement Agreement (collectively, the "Arrangement") will be completed as a statutory plan of arrangement (the "Plan of Arrangement") under the Business Corporations Act (British Columbia). Under the Plan of Arrangement, shareholders of the Company (the "Shareholders") are expected to receive, in exchange for each common share of the Company (each, a "Common Share") (i) one new common share of the Company (having identical terms as the Common Shares) ("New Common Shares"), and (ii) 0.125 of a common share in the capital of Graphano (each, a "Graphano Share").