20:58:06 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Mag One Products Inc
Symbol MDD
Shares Issued 30,646,672
Recent Sedar Documents

ORIGINAL: Mag One moves to CSE from TSX-V, appoints two directors

2015-05-28 16:00 ET - News Release

Received by email:

File: MDD.PR.LISTING.docx

MAG ONE PRODUCTS INC.
CSE:MDD
For Immediate Release
Not for dissemination in the US or to US wire services.

MAG ONE CALLED TO TRADE ON CANADIAN SECURITIES EXCHANGE

Surrey, British Columbia, Canada /May 28, 2015/ CSE:MDD/ MAG ONE PRODUCTS INC. ("MagOne" or the "Company") is pleased 
--->to announce that the Canadian Securities Exchange ("CSE") has approved its listing application and the Company's commo
--->n shares will commence trading on May 28, 2015 under symbol MDD and CUSIP number 55903J100.  The Company's former name
---> of Acana Capital Corp. and its symbol "APB" were delisted on May 27, 2015 at the close of markets as part of the fund
--->amental change.

The Company will focus its efforts on the production of magnesium metal and magnesium compounds.  The Company acquired
---> certain proprietary technology to be used in the production of magnesium metal and related compounds, as a part of th
--->e fundamental change. A new listing statement was filed with the CSE that provides detailed disclosure of the new busi
--->ness and is available for viewing under the Company's profile on the CSE website: www.thecse.com. 

MagOne also welcomes Messrs. Dr. James Blencoe, PhD and Nelson Skalbania, B.Sc, M.Ap. Sc, P. Eng. to its board of dire
--->ctors.  Dr. Blencoe will also serve as the Company's Chief Operating Officer.

Dr. Blencoe is the developer of the proprietary technology relating to the production of magnesium metal and compounds
---> that the Company acquired. Dr. Blencoe obtained a Ph.D. in geology from Stanford University (U.S., California) in 197
--->4. He spent most of his career working as a geochemist in Pennsylvania State University (U.S. 

Mr. Skalbania obtained a B.Ap.Sc. degree in 1961, a P. Eng. In 1962 from UBC and then went on to obtain a Master of Sc
--->ience (Civil Engineering) M.Sc., in 1964 from the California Institute of Technology, Pasadena, CA. For the past ten y
--->ears he has been actively acquiring and disposing of a variety of real estate projects in North America. 

Ms. Sandy Janda has stepped down as Chief Financial Officer of the Company.  The Company thanks her for her years of s
--->ervice and wishes her all the best.  Sonny Janda, currently a director of the Company, will assume the position of Chi
--->ef Financial Officer in place of Ms. Janda on an interim basis.

The Company also announces that it has completed the second tranche of its financing raising a further $350,000.  As a
--->nnounced previously, the financing has been increased by 1,000,000 units to raise a further $500,000.  The units are p
--->riced at $0.50 each and are accompanied by a share purchase warrant exercisable at $0.60 per warrant share for a perio
--->d of five years from closing.

"Lucky Janda" _______
Chief Executive Officer
Certain statements contained in this release may constitute "forward-looking statements" or "forward-looking informati
--->on" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform A
--->ct of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any o
--->f the words "could", "intend", "expect", "believe", "will", "projected", "estimated", "anticipates" and similar expres
--->sions and statements relating to matters that are not historical facts are intended to identify forward-looking inform
--->ation and are based on the Company's current belief or assumptions as to the outcome and timing of such future events.
---> Actual future results may differ materially. In particular, this release contains forward-looking information relatin
--->g to the business of the Company, the Property, financing and certain corporate changes. The forward-looking informati
--->on contained in this release is made as of the date hereof and the Company is not obligated to update or revise any fo
--->rward-looking information, whether as a result of new information, future events or otherwise, except as required by a
--->pplicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not 
--->place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking in
--->formation contained herein. These securities have not and will not be registered under United States federal or state 
--->securities laws and may not be offered or sold in the United States or to a U.S. Person unless so registered, or an ex
--->emption from registration is relied upon. This news release does not constitute an offer of securities for sale in the
---> United States. 

CSE has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of the content 
--->of this news release.



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