Vancouver, B.C., Canada – April 5, 2019 – Mag One Products Inc. (CSE: MDD) (the “Company” or “Mag One”) held its Annual General Meeting (“AGM”) at 10:00am Pacific Standard Time on Friday, March 8, 2019. At the AGM, shareholders representing 7.84% of the Company’s outstanding shares, re-appointed Gillian Holcroft, William Thomas, Nelson Skalbania, and Rodney Burylo to the Board of Directors. Shareholders reappointed DMCL Chartered Accountants as auditor of the Company for the ensuing year and authorized the directors to fix the remuneration to be paid to the auditor.
Ms. Gillian Holcroft, is a bilingual executive chemical engineer with 30 years of experience, which includes Mining and Metallurgical process development and operations (including magnesium metal production), the commercialization of advanced technology, green field EPC project management, US Department of Defense as well as International Trade. Ms. Holcroft is recognized for her strong planning abilities as demonstrated by negotiating and directing large and extremely complex projects.
Mr. Nelson Skalbania is a professional engineer and graduate from UBC and the California Institute of Technology (CalTech). Mr. Skalbania began his career as an engineering consultant by forming McKenzie Snowball & Skalbania Consultants. For almost 20 years Mr. Skalbania was president and majority owner of this successful firm and grew the company to over 100 staff in four locations. Mr. Skalbania then expanded into an extensive and highly successful real estate career where he owned and operated properties all over North America. In addition, Mr. Skalbania has been an owner of 10 different sports teams and involved in over 100 businesses, including technology, mining, manufacturing and oil services.
Mr. Rodney Burylo is a Chartered Investment Manager and Fellow of the Canadian Securities Institute with over 30 years of experience throughout the financial services industry. Mr. Burylo has worked with wide variety of companies in various business development roles, and as Chief Compliance Officer and a director of Canada’s largest Exempt Market Dealer. Mr. Burylo is an international speaker, business author and Canadian Advisor of the Year award winner.
Subsequent to the Company’s Annual General Meeting, Mr. William Thomas resigned from the Board of Directors and as CFO. Mr. Nelson Skalbania is currently acting as Interim CFO.
On behalf of the Board, “Gillian Holcroft”, President and CEO.
Neither the Canadian Securities Exchange nor CNSX Markets accepts responsibility for the adequacy or accuracy of this news release.
About Mag One
Mag One is a technology, processing & production company. Using its game-changing technology, Mag One aims to be the most environmentally friendly & sustainable producer of magnesium (Mg) metal, ultrapure Mg compounds, by-products and vertically integrated co-products. For further information or questions respecting the Company kindly contact the Company via email at: info@MagOneProducts.com. Additional information can be found on the Company’s website at www.MagOneProducts.com or by viewing the Company’s filings at www.sedar.com.
Forward-Looking Information
Information set forth in this press release may involve forward-looking statements. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address a company’s expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: risks associated with marketing and sale of securities; the need for additional financing; reliance on key personnel; the potential for conflicts of interest among certain officers or directors with certain other projects; and the volatility of common share price and volume. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and except as required by law, the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements. For further information on risk, investors are advised to see the Company’s MD&A and other disclosure filings with the CSE regulators which are found at www.sedar.com.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE SECURITIES LEGISLATION.