For immediate release.
Mag One Products: Corporate and Management Appointments
VANCOUVER, BRITISH COLUMBIA, CANADA /10 February 2017. MAG ONE PRODUCTS INC. (“Mag One” or (the “Company”) is pleased to announce:
1. The appointment of Ms. Gillian Holcroft, B.Eng., M.Eng., as President and a Director of Mag One Products Inc. (Mr. Skalbania, Chairman of Mag One will, in the interim, assume the duties of CEO.) Ms. Holcroft remains the President and CEO of the Company’s wholly-owned subsidiary, Mag One Operations Inc. in Quebec.
Ms. Holcroft has both a Bachelor and a Masters Degree in Chemical Engineering from McGill University in Montreal, Quebec. She is bilingual, lives in Montreal and brought to the Company, invaluable and extensive experience in the Magnesium (“Mg”) field in her previous position with Noranda. Ms. Holcroft has been serving as President of the Company’s wholly-owned subsidiary, Mag One Operations Inc. since June 2015. She was instrumental in securing financial assistance for the Company and is coordinating the initial Pilot Plant’s scientific and technical team in Tennessee, headed by Dr. James Blencoe, and the other project collaborators such as the Université de Sherbrooke and SNC-Lavalin.
2. Mag One also wishes to announce the appointment of Dr. Yu-Mei Han, (Bachelor, Masters and Ph.D. in Metallurgical Engineering), to the Company’s team of consulting scientists in Quebec.
Ms. Han is an extremely skilled engineer and metallurgist, with impressive experience in process engineering, project management, research and technical development as well as working in Aluminum and Lithium projects. Her three languages of English, French and Chinese are a bonus for Mag One and Dr. Han is a key addition to Ms. Holcroft’s team.
3. The Company has relocated its registered and records office from the Surrey address to the Vancouver office: #145 925 Georgia St West, Vancouver, B.C. V6C3L2 effective today.
4. The resignation of Mr. Lucky Janda as President and CEO of the Company and Director of Mag One Operations Inc., (“MOOI”), (the Company’s wholly-owned operating subsidiary in Quebec) and as Director of MagOne Operations Inc. of TN, USA.
Over the past three years, Mr. Janda has seen the Company from its inception and has been extremely helpful in directing and financing the Company. Mr. Janda has decided to leave the Company to pursue his many other interests and the Company wishes to thank him for his sincere commitment and resolute belief in the Company and its potential, as well as his extraordinary assistance in many corporate matters and wish him much success in all his future endeavours.
Signed: Nelson M. Skalbania,
Chairman.
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 and compounds.
- 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