VANCOUVER, BRITISH COLUMBIA, CANADA / TheNewswire / 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:    

1. I.Magboard Products Inc., assembly and sale of Mg-based wallboards and panels for huge construction industry 

2. II.Production of high-purity SiO2, MgO, Mg(OH) and other saleable co-products, byproducts and compounds 

3. III.Production of 99.9% pure Mg ingots 

4. 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

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

                

Mag One is listed on the CSE with the symbol, “MDD”, the Börse Frankfurt stock exchange (“Frankfurt”) with the ticker symbol “304” and the OTCQB with ticker symbol "MGPRF".. 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 Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. 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 because 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. This news release does not constitute an offer of securities for sale in the United States. The Frankfurt Boerse, OTQ Markets Group Inc., CSE, or CNSX Markets have not reviewed this news release and does not accept responsibility for the adequacy or accuracy of the content of this news release. Issuers of news releases. are solely responsible for the accuracy of such news releases. For further information on risk, investors are advised to see the Companies MD&A and other disclosure filings with the CSE regulators which are found at www.sedar.com.