VANCOUVER, BRITISH COLUMBIA / January 11, 2018 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce the appointment of Christopher Wolfenberg to the Company’s Board of Directors. Mr. Wolfenberg is a Partner with the law firm of Fasken Martineau LLP. Prior to his current position he was a Partner with Norton Rose Fullbright. He provides practical advice to select clients active in the mining, technology and energy sectors and has acted as an officer and director of numerous public, private and non-profit entities. Mr. Wolfenberg holds a Bachelor of Social Sciences from the University of Ottawa, a Bachelor of Laws from Queen's University and a Master of Laws from Cornell Law School. Mr. Wolfenberg is a member of the Law Society of Alberta.
“MGX welcomes Mr. Wolfenberg to the Board of Directors,” stated MGX President and CEO Jared Lazerson. “His experience in mining, energy, and technology sectors will serve to further strengthen our leadership team as we move forward in 2018 and beyond. As MGX grows the legal, finance and corporate governance expertise of Mr. Wolfenberg will assist in providing the platform for the growth of MGX into a global energy commodities and technology company.”
The Company is also pleased to report the formation of a compensation and valuation committee comprised of directors Christopher Wolfenberg, Lyndon Patrick, and CFO Michael Reimann. As MGX continues to develop its technology assets and acquire energy commodity and energy technology assets, the creation of a committee to oversee and evaluate key personnel compensation and retention as well as formal merger and acquisition valuations becomes of increasing importance.