Interviewing MGX Minerals (CNX:XMG) CEO Jared Lazerson is like kayaking a level 5 rapid: you try to stay upright as the wash of information rushes over you. Lazerson has a lot to say because MGX has been exceptionally busy.
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.