Mr. Jared Lazerson reports
MGX MINERALS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
MGX Minerals Inc. intends to complete a non-brokered private placement for up to two million units at a price of 50 cents per unit.
Each unit will consist of one common share and one common share purchase warrant. Each warrant is exercisable into one common share of the company at a price of 65 cents for a period of one year from closing.
Proceeds from the private placement will be used for capital acquisitions of equipment and plant location, as well as development, engineering, and permitting of MGX's Driftwood Creek magnesium project, and general corporate purposes.
We seek Safe Harbor.
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