For immediaterelease.
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 common 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 a fundamental 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 a fundamental change. A new listing statement was filed with the CSE that provides detailed disclosure of the new business 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 directors. 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 1974. 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 Science (Civil Engineering) M.Sc., in 1964 from the California Institute of Technology, Pasadena,
CA. For the past ten years 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 service and wishes her all the best. Sonny Janda, currently a director of the Company, will assume the position of Chief 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 announced previously, the financing has been increased by 1,000,000 units to raise a further $500,000. The units are priced at $0.50 each and are accompanied by a share purchase warrant exercisable at $0.60 per warrant share for a period of five years from closing.
"Lucky Janda"
Chief Executive Officer
MagOneProductsInc.is acompanythataimstobethediamondstandardinthemagnesium(Mg)marketbyconcentrating on four projects at its manufacturing plant site in southern Québec,Canada.
- Production of high-purity MgO, Silica and other saleable co-products, byproducts andcompounds.
- Production of 99.9% pure Mg ingots.
- Assembly and sale of magnesium oxide-based structural insulated sheathing panels.
- MagPower’s Mg-Air Fuel Cell for emergency power on sea and land.
Key advantages that these four projects share are Mag One’s advanced technologies, a modular processing plant expansion concept, and the Company’s easy access to tonnes of serpentinite tailings.
www.MagOneProducts.com
For further information or questions kindly contact the Company via email: info@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 OTCQBwithtickersymbol"MGPRF”.Certainstatementscontainedinthisreleasemayconstitute"forward–lookingstatements"or"forward-looking information"(collectively"forward-lookinginformation")asthosetermsareusedinthePrivateSecuritiesLitigationReformActof1995andsimilar 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 andthe 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.
#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