MGX closes final tranche of private placement for Driftwood magnesia plant

By Liz Gyekye
Published: Monday, 17 August 2015

The company’s Driftwood magnesia facility has been given a shot in the arm from the $111,000 financial boost for its project, which will help it to fund plant equipment.

MGX Minerals Inc. has closed the second and final tranche of its non-brokered private placement for total gross proceeds of Canadian dollar (C$) 146,274.45 ($111,307.80*) to help advance its magnesia plant at the Driftwood Creek property in British Columbia, Canada.

In a statement, the Canada-headquartered company...

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