Mag One announces $1.6M private placement

pcNewsWire Mag One Products Inc. intends to close a non-brokered private placement of up to 8,000,000 units at $0.20 per unit for gross proceeds of up to $1,600,000.

The proceeds will be used towards Phase II of the initial Pilot Plant and for general corporate expenses.

News Release

Mag One Operations Inc.: Private Placement for Phase II of Pilot Plant

VANCOUVER, BRITISH COLUMBIA, CANADA/ 27 JUNE 2017. MAG ONE PRODUCTS INC., (“Mag One” or the “Company”) will conduct a non-brokered Private Placement to raise up to $1,600,000. through the issuance of 8,000,000 units at $0.20.

Each unit will be comprised of one common share plus one full warrant for the purchase of one common share; purchase warrant exercisable for one year from Closing at a price of $0.50.

Pilot Plant: control room and technicians

The proceeds raised will be used towards Phase II of the initial Pilot Plant and for general corporate expenses.

There may be finders’ fees in respect to this financing. This financing may be subject to exchange acceptance. Securities issued because of this financing will be subject to a statutory holding period.

Signed: Nelson M. Skalbania, B.Ap.Sc., M.Sc., P.Eng.
CEO & Chairman

Mag One Products Inc. is a company that aims to be the diamond standard in the magnesium (Mg) market by concentrating on four initial projects at its processing/manufacturing plant sites in southern Quebec, Canada:
I. Magboard Products Inc., assembly and sale of Mg-based wallboards and panels for huge construction industry
II. Production of high-purity SiO2, MgO, Mg(OH)2 and other saleable co-products, byproducts and compounds
III. Production of 99.9% pure Mg ingots
IV. Explore commercial viability of its MagPower fuel cell/battery that supplies emergency power, light and recharging, for disaster relief and other emergency situations on land and sea.

Key advantages that these four projects share are Mag One’s advanced technologies, a modular processing plant expansion concept, and the Company’s easy, abundant access to tonnes of serpentinite tailings.

www.MagOneProducts.com
#145 – 925 Georgia Street West, Vancouver, BC V6C3L2 Canada
T:+1.604.669.4771 Fx: +1.604.669.4731 E: info@MagOneProducts.com www.MagOneProducts.com

For further information or questions kindly contact the Company via email: info@MagOneProducts.com and IR@MagOneProducts.com