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Overview

MGX Minerals Inc. Completes Private Placement of Special Warrants

May 12, 2017

MGX Minerals Inc. (“MGX”), a developer of lithium, magnesium and silicon projects completed a private placement offering (the “Offering”) of 3,555,556 special warrants at a price of $0.90 per special warrant for gross proceeds of $3.2 million. Each special warrant is exercisable into one unit of the Company, each unit being comprised of one common share and one common share purchase warrant.   Mackie Research Capital Corporation was the lead agent in connection with the Offering.

Wildeboer Dellelce LLP acted for the agent with a team that included Jeff Hergott, Patrick Magee and Amir Torabi (corporate/securities).