VANCOUVER, BRITISH COLUMBIA / April 18, 2016 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG) ) is pleased to announce that it intends to complete a non-brokered private placement (the “Private Placement”) for up to 5,000,000 Units (“Units”) at a price of CAD$0. 10 per Unit for gross proceeds of CAD$500,000. Each Unit will be comprised of one common share and one common share purchase warrant. Each warrant is exercisable into one common share at a price of
MGX Minerals is leading the transition from fossil fuels to renewables through investments in battery commodities, extraction processes and clean technologies.