For immediate release.
MAG ONE : CORPORATE UPDATE
VANCOUVER, B.C., CANADA | Monday 26 February 2018.
MAG ONE PRODUCTS INC., (“Mag One” or the “Company”) provides a Corporate update and outlines its short-term plans.
I. Mag One is again trading on the OTCQB, under the symbol MGPRF. The Company plans to initiate a new marketing awareness strategy in the USA with the goal of expanding its shareholders and investor base south of the border which will be Mag One’s major clients for Mg metal.
II. Mag One will again be an exhibitor (booth 3232, Investor Exchange) at the Prospectors and Developers Conference, (“PDAC”) to be held at the Metro Toronto Convention Centre from March 4-7. The Company’s President, Ms. Gillian Holcroft, M.Eng., will be on-hand to introduce the Company and its four main projects to visitors, shareholders and potential investors. Ms. Holcroft will provide a status of the various projects and timelines related to the Company’s goal of transforming magnesium-rich mine tailings to produce Magnesium (“Mg”) metal, associated byproducts and co-products in Quebec. In addition, Ms Holcroft will be exploring offtake agreements with end-user companies and prospective joint venture opportunities.
III. Mag One has retained the services of Mr. Georg Hochwimmer, Ph.D. of General Research GmbH, (“General Research) of Germany as a Corporate Advisor. Dr. Hochwimmer travelled to Quebec last winter and met with Management and pilot plant staff with an aim to become familiar with the business and future of the Company. He will be supporting Mag One’s efforts to expand and diversify its shareholder base, particularly in Europe as well as assist with the introduction of strategic European business partners. Georg studied at the Technical University of Munich and Economics at Fernuni Hagen before obtaining a Ph.D. in Chemistry in 1999. He formed General Research as a consulting business for financial advisory services to startup and emerging growth companies with a focus on junior mining ventures. Dr. Hochwimmer is also a founder and CEO of Supramat Technologies AG, which is a technology investment group and accelerator in Germany.
IV. The Company is in the process of moving its head office to Montreal where its wholly-owned subsidiary, Mag One Operations Inc, is based.
Signed: “Nelson M. Skalbania” CEO and Chairman
- 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 OTCQB with ticker symbol"MGPRF”. Certain statements contained in thisreleasemay constitute "forward–looking statements" or "forward-looking information" (collectively "forward-lookinginformation")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.
#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