For immediate release.
MAG ONE PRODUCTS: Promo, Private Placement, Building lease, Update
VANCOUVER, BRITISH COLUMBIA, CANADA/13 July 2016.
MAG ONE PRODUCTS INC. (“Mag One” or "the Company") has engaged Gold Standard Media, LLC ("GSM") to provide certain financial publishing and digital marketing services to Mag One, by focusing on introducing the Company to a broader audience. GSM will expose Mag One and its methods of producing 99.9% wt. pure magnesium ("Mg") ingots, Mg-related compounds and byproducts and the Magboards' business to investors. GSM is a Texas-based firm headed by Kenneth Ameduri, a media and investor relations specialist. The first program·commences immediately and will run through Fall 2016.
Private Placement:
Accordingly, Mag One wishes to announce that it will issue up to 1,000,000 units at $1.00/unit; each unit to consist of one common share and one full warrant--exercisable for two years at $1.10. Funds raised to be used for the ongoing development work on the Company's Magnesium production facilities in Quebec.
Building Lease:
The Company has entered into an Agreement to Lease, with an option to purchase, an existing 11,000 sq.ft building along with two acres that are located on the Mine Jeffrey property in Quebec, close to Mag One's huge stockpile of already-mined serpentine tailings. This facility and the acreage will house the Magboards.ca assembly plant. All lease payments are credited to the purchase price such that the building is fully-paid for, in five years, on lease payments of $5,000/month.
Stock Option Grant:
The Company has also granted an aggregate of 170,000 stock options to consultants exercisable at $1.10 for a five-year term, in accordance with the Company's stock option plan.
"Nelson M. Skalbania, B.Ap.Sc., M.Sc., P.Eng.”
Chairman of the Board
MagOneProductsInc.is a company that aims to be the diamond standard in the magnesium (Mg) market by concentrating 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.
Signed: “Nelson M. Skalbania.”
CEO & Chairman
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