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| | June 15, 2010
Magnum Energy Amends Terms Of Private Placement
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| | MAGNUM ENERGY INC. (the "Company") (MEN-TSX:V) announces that further to its news release of May 28, 2010, the Company has amended the terms of its private placement. The financing will now consist of up to 3,750,000 Class A Voting common shares in the capital of the Company (the "Shares") at a price of $0.40 per Share, for gross proceeds of up to $1,500,000.
All other terms of the private placement remain the same.
For further information on Magnum Energy Inc. please contact Richard Nemeth, President & CEO at 604.669.3155 or rnemeth@magnumenergyinc.com.
ON BEHALF OF THE COMPANY
Signed "Richard Nemeth"
Richard Nemeth, President
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. |
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| | You can view the Previous News Releases item: Fri May 28, 2010, Magnum Energy Announces Private Placement Financing Of Up To $1,500,000.30
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