GREY:MAAFF - Post by User
Comment by
moneydiggeron Jun 12, 2009 2:02pm
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Post# 16066465
RE: MagIndustries Corp. Announces it Has Signed a
RE: MagIndustries Corp. Announces it Has Signed a"The share subscription is also conditional on the Subscriber arranging substantially all of the debt financing required for the completion of Phase I of the Company's Kouilou Potash Project in the Republic of Congo (the "Project") as an alternative to debt financing that might be available to the Company from other sources. "
This confirms the phase 1 financing, so MAA has the money needed for this important stage. This is awesome news. Stock will react positively in a big way. Financing was a big question mark and this is the answer we got. Awesome that they managed to come up with a premium of 68% compared to the private placement. (.42 cents)
GOOD JOB!