MAG ONE PRODUCTS: Promo, Private Placement, Building lease, Update
(firmenpresse) - MAG ONE PRODUCTS: Promo, Private Placement, Building lease, Update
VANCOUVER, British Columbia, Canada. 13 July 2016.
MAG ONE PRODUCTS INC., (Mag One or the Company) has engaged Gold Standard Media, LLC (GSM) to provide certain financial publishing and digital marketing services to Mag One, by focusing on introducing the Company to a broader audience. GSM willexpose Mag One and its methods of producing 99.9% wt. pure magnesium (Mg) ingots, Mg-related compounds and byproducts and theMagboards business to investors. GSM is a Texas-based firm headed by Kenneth Ameduri, a media and investor relations specialist. The first program commences immediately and will run through Fall 2016.
Private Placement:
Accordingly, Mag One wishes to announce that it will issue up to 1,000,000 units at $1.00/unit; each unit to consist of one common share and one full warrant-exercisable for two years at $1.10. Funds raised to be used for the ongoing development work on the Companys Magnesium production facilities in Quebec.
Building Lease:
The Company has entered into an Agreement to Lease, with an option to purchase, an existing 11,000 sq.ft building along with two acres thatare located on the Mine Jeffrey property in Quebec, close to Mag Ones huge stockpile of already-mined serpentine tailings. This facility and the acreage will house the Magboards.ca assembly plant. All lease payments are credited to the purchase price such that the building is fully-paid for, in five years, on lease payments of $5,000/month.
Stock Option Grant:
The Company has also granted an aggregate of 170,000 stock options to consultants exercisable at $1.10 for a
five-year term, in accordance with the Company's stock option plan.
Signed:
Nelson M. Skalbania,
Chairman For further information or questions kindly contact the Company via email: info(at)MagOneProducts.com
www.MagOneProducts.com
#145 - 925 Georgia Street West, Vancouver, BC V6C3L2 CANADAT:+1.604.669.4771 F: +1.604.669.4731 E: info(at)MagOneProducts.com www.MagOneProducts.com
Mag One is co-listed on the Börse Frankfurt stock exchange (FSE) with the ticker symbol 304 and the OTCQB with ticker symbol "MgPRF". The listings on the Frankfurt and OTCQB exchanges provide the company exposure to the European and U.S. markets and investor .Certain statements contained in this release may constitute "forward-looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words could, intend, expect, believe, will, projected, estimated, anticipates and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Companys 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 relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable 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 information 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 exemption 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 .The above news release has been provided by the above company via the OTC Disclosure and News Service and The Newswire.. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Leseranfragen:
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Datum: 14.07.2016 - 08:50 Uhr
Sprache: Deutsch
News-ID 483280
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