(TheNewswire)
Vancouver, B.C., Canada / TheNewswire / November 26, 2018 – Mag One Products Inc. (CSE: MDD) (the
“Company” or “Mag One”) is pleased to announce a non-brokered
private placement of up to 20,000,000 units of the Company (each a “Unit”), at a
subscription price of $0.10 per Unit, for gross proceeds of up to $2,000,000 (the “Private
Placement”).
Each Unit will be comprised of one common share in the capital of the Company and one-half of one
transferable common share purchase warrant (each whole warrant, a “Warrant”).
Each whole Warrant will entitle the holder thereof to purchase one additional common share of the Company at an exercise
price of $0.25 per common share for a period of one year from the date of issue.
Finder’s fees are expected to be payable in connection with the completion of the Private Placement
in accordance with Canadian Securities Exchange (“CSE”) policies. The Company
intends to use the net proceeds of the Private Placement for general corporate and working capital purposes.
Closing of the Private Placement is subject to a number of conditions, including receipt of the
approval of the CSE. The Private Placement is expected to close by December 15, 2018.
All securities issued in connection with the Private Placement will be subject to a statutory hold period of
four months plus one day from the date of issuance of the securities in accordance with applicable Canadian securities legislation.
In addition, the securities referred to in this news release have not been registered under the United States Securities Act
of 1933, as amended (the “U.S. Securities Act”), and may not be offered or sold in the United
States absent registration or an applicable exemption from registration requirements. This news release shall not constitute
an offer to sell or the solicitation or an offer to buy nor shall there be any sale of the securities in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful. The common shares and Warrants to be issued by the Company will
be “restricted securities” as defined under Rule 144(a)(3) of the U.S. Securities Act.
On behalf of the Board, “Gillian Holcroft”, President and CEO.
Neither the Canadian Securities Exchange nor CNSX Markets accepts responsibility for the adequacy or
accuracy of this news release.
About Mag One
For further information or questions respecting the Company kindly contact the Company via email at:
info@MagOneProducts.com. Additional information can be found on the Company’s website at www.MagOneProducts.com or by viewing the Company’s filings
at www.sedar.com.
Forward-Looking Information
Information set forth in this press release may involve forward-looking statements.
Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking
statements often address a company’s expected future business and financial performance, and often contain words such as
“anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”,
“should”, or “will” be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future
events, to be materially different from any future results, performance or achievements expressed or implied by such
forward-looking statements. Such factors include, among others, the following risks: risks associated with marketing and sale of
securities; the need for additional financing; reliance on key personnel; the potential for conflicts of interest among certain
officers or directors with certain other projects; and the volatility of common share price and volume. Forward-looking
statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and except as
required by law, the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions
or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.
For further information on risk, investors are advised to see the Company’s MD&A and other disclosure
filings with the CSE regulators which are found at www.sedar.com.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF THE
COMPANY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY
OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS
REQUIRED IN ACCORDANCE WITH APPLICABLE SECURITIES LEGISLATION.
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