MagIndustries Corp MAAFF

MagIndustries Corp is engaged in development and exploration of potash salt deposits. The company has two business units: MagMinerals and MagForestry. It is primarily engaged in the financing, developing and placing into production or operation of the projects such as potash plant, a potash exploration and eucalyptus plantation and chip mill. Geographically all the operations are functioned through the region of Canada.

GREY:MAAFF - Post by User

MagIndustries Corp

Bullboard Posts

Post by deliceon Feb 25, 2012 6:05pm

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Post# 19586010

Shares: 768,442,674 Fully Diluted

Share Capitalization as of	February 17, 2012
Authorized	Unlimited
Shares Issued and Outstanding	460,172,463
Fully Diluted	768,442,674

Performance warrants for 12,500,000 common shares at an exercise price of CDN
.50 per share. The warrants are exercisable at any time and from time to time up to 5:00 p.m. (Toronto time) on the day which is 18 months following the date of execution of a financing transaction for MagIndustries.

The Company has a $50 million loan outstanding with Evergreen Resources Holdings Inc. which is convertible into common shares of the Company. The conversion of the loan plus accrued interest at
.1712 per share would result in the issue of 295,770,211 shares of MagIndustries.