Communicators

Mag One Conducts Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA, CANADA/29 March, 2018. 

MAG ONE PRODUCTS INC. (“Mag One,” or the “Company”), advises that it will conduct a non-brokered private placement (the “Financing”) by the sale of units; comprised of one common share and one common share purchase warrant (“Warrant’), at $0.20 per unit (“Unit”). 

This Financing will offer up to 2,000,000 Units, raising an aggregate of up to CAD$400,000.  Warrants will be exercisable at $0.50 per warrant share for a period of one (1) year from Closing.

Any securities issued because of this Financing, will be subject to a statutory four-month plus one day trade restriction.  The Financing may be subject to the approval of the Canadian Securities Exchange.  The Company may pay finder’s fees in respect of this Financing.

Proceeds of the Financing will be used for working capital.

“Nelson M.  Skalbania, B.Ap.Sc., M.Sc., P.Eng.”,

Chief Executive Officer

For further information or questions kindly contact the Company via email: info@MagOneProducts.com 

Mag One is listed on the CSE with the symbol, “MDD”, the Börse Frankfurt stock exchange (“Frankfurt”) and the Xetra with the ticker symbol “304” and the OTCQB with ticker symbol "MGPRF". The listings on the Frankfurt and OTCQB exchanges provide the company exposure to the European and U.S. markets and potential investors. Certain statements contained in this release may constitute "forward–looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated”, “anticipates” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein. This news release does not constitute an offer of securities for sale in the United States. CSE has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of the content of this news release. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.