Manganese X Energy Corp (OTCMKTS:MNXXF) and Graphano Energy Limited have just announced that the latter has been given a green light to start trading through facilities of the TSX Venture Exchange. They can begin doing so from the 30th of September, 2021 under the trading symbol – GEL.
Martin Kepman, CEO of Manganese X, has admitted the spin-out process has taken longer than they thought. However, it has reached a successful conclusion, so they are happy to announce the commencement of trading of Graphano’s shares on the TSX Venture Exchange. Initially, Graphano shares were issued at $0.05 per share, but have now been consolidated on a 6.5:1 basis. They have a revised deemed issuance price of $0.325 per Graphano share.
Even though Manganese Xand Graphano regret that there have been delays in regards to the commencement, they are pleased the Exchange has issued a Bulletin to announce the start of the trading, at last. Luisa Moreno, CEO of Graphano, says the delays were a setback, but finally Graphano is all set to begin trading as a Tier 2 mining company of the Exchange. She added that shareholders will soon be updated about their progress on the LAB project, along with other possible acquisition opportunities that can help to solidify their position as a key player in the market of technology minerals.