VANCOUVER, BRITISH COLUMBIA / TheNewswire / September 5, 2017 - MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / FKT: 1MG / OTC: MGXMF) is pleased to announce that the common shares and warrants qualified by the Company's final short form prospectus dated August 21, 2017 ("Prospectus") commenced trading on the Canadian Securities Exchange (the "CSE") on August 30, 2017 and September 1, 2017, respectively. A total of 6,879,226 common shares and 6,879,226 warrants issuable for no additional consideration upon the deemed exercise of 6,253,842 special warrants of MGX ("Special Warrants") on August 30, 2017. The Special Warrants were issued in connection with the previously announced private placement offerings (the "Offerings") which closed on May 12, 2017 and May 31, 2017. The Special Warrants were sold at a price of $0.90 per Special Warrant (the "Issue Price"), for aggregate gross proceeds of approximately $5.6 million.
For more information on the Offerings, please refer to the Prospectus, as well as the Company's news releases, dated March 1, 2017, May 12, 2017, May 31, 2017, June 16, 2017 and August 25, 2017, available on the Company's profile on SEDAR at www.sedar.com and at www.mgxminerals.com.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About MGX Minerals
MGX Minerals is a diversified Canadian resource company with interests in petrolithium, magnesium and silicon assets throughout North America. Learn more at www.mgxminerals.com.
