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  • 1MG:0.72
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Press Releases


Press Releases

MGX Minerals Announces Results of Annual General Meeting

VANCOUVER, BRITISH COLUMBIA / January 18, 2016 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG) announces results of its Annual General Meeting (the “Meeting”) held on January 14, 2016. 29.94% of all issued and outstanding shares of the Company were represented at the Meeting.

Resolutions proposed and approved at the Meeting included:

  • The number of Directors was set to five;
  • The five members elected to the Board of Directors included: Jared Lazerson, Michael Reimann, Andris Kikauka, Lyndon Patrick and H. David Read; and
  • Adam Sung Kim Ltd. was re-appointed as auditor of the Company.

The Company also announces it has completed the following Shares-for-Debt Transactions:

  • 50,000 shares issues pursuant to the Wonah Purchase Agreement;
  • 550,000 shares issued at CA$0.15 to settle debt in the amount of CA$82,500; and
  • 50,000 shares issued to a consultant.