Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

MGX Minerals Inc MGXMF

MGX Minerals Inc. is a Canada-based diversified resource and technology company with interests in advanced materials, metals, and energy technologies. The Company’s portfolios include Magnesium, Silicon, Lithium, Gold, and Silver. Its Magnesium projects include Driftwood Creek, Marysville, Red Mountain Group and Botts Lake. Its Silicon projects include Gibraltar, Koot and Wonah. Its Lithium projects include GC and Petrolithium. Its Gold projects include Heino, Tillicum and Fran. The Driftwood Creek project is located approximately 164 kilometers (km) north of Cranbrook, British Columbia (B.C.). The Marysville magnesite project is located approximately 12 km (7.7 miles) south of Kimberly, BC. The Red Mountain-Topaz-Cleland magnesite property is located approximately 50 km south of Golden. The Botts Lake magnesite property consists of claims approximately 50 km south of Golden, BC. The Gibraltar project is located approximately 95 kilometers northeast of Cranbrook, BC.


GREY:MGXMF - Post by User

Bullboard Posts
Post by tickerhiton May 07, 2020 4:18pm
104 Views
Post# 30999962

MGX Minerals Provides Clarification on Acquisition of

MGX Minerals Provides Clarification on Acquisition of
Heino-Money Gold Deposit and Tillicum Claims
2020-05-07 03:00:40 PM ET (ACCESSWIRE)
   
   

VANCOUVER, BC / ACCESSWIRE / May 7, 2020 / MGX Minerals Inc. ("MGX" or the "Company") (CSE:XMG)(FKT:1MG)(OTC:MGXMF) is pleased to provide additional disclosure regarding its acquisition of the Heino-Money gold deposit and Tillicum claims. The Vendors, on a 50/50 basis, are 1240056 B.C. Ltd. and Gustafson Holdings Ltd and are non-related parties. The Company has entered an agreement to purchase a 100% interest in the Heino-Money gold deposit and Tillicum Claims (MINFILE 082FNW234 including Grizzley, Annie Flats, and Silver Queen occurrences, located approximately 12 kilometres east of Burton (110 km east of Kelowna), in the West Kootenay region of British Columbia. By issuing shares and cash totaling $5,000,000 CDN and completing a work program of $1,050,000 CDN over a three year term, MGX will acquire a 100% interest in the property with a Net Smelter Return to the Vendors of 5%, which may be bought back for $1,000,000 CDN. For further details see MGX Press Release dated May 7, 2020.

About MGX Minerals Inc.

MGX Minerals invests in commodity and technology companies and projects focusing on battery and energy mass storage technology, extraction of minerals from fluids, and exploration for battery metals, industrial minerals, and precious metals.

Contact Information

Patrick PowerChief Executive Officerppower@mgxminerals.comWeb: www.mgxminerals.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.

SOURCE: MGX Minerals Inc.


Bullboard Posts