VANCOUVER, BRITISH COLUMBIA - June 18, 2015 - MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT:1MG) is pleased to announce the Company has been added to the Canadian Securities Exchange Composite Index (“CSE”). The CSE represents a broad measurement of market activity for securities listed on the Canadian Securities Exchange. For more information on the Index and how it is weighted, please visit the CSE website page.
Private Placement Financing Increased
MGX announces that due to strong investor demand, the Company has increased the size of the previously announced non-brokered private placement (see press release dated June 2, 2015) and will now sell up to 2,000,000 shares at a price of CA$0.30 per share.
MGX announces it has issued 300,000 shares to the Vendors as payment for Driftwood Creek Magnesium Project and 41,318 shares to the Vendor as payment for Needles Magnesite Project. In addition, the Company has issued 50,000 shares to settle a $15,000 debt.