TORONTO, ONTARIO — (Marketwired) — 06/12/13 — MagIndustries Corp. (TSX: MAA) (the "Company" or "MagIndustries") is pleased to report that the first ship carrying construction equipment and materials for construction of the Company-s 1.2 million tonnes per annum Mengo Potash Project in the Republic of Congo (the "Project") arrived in Pointe Noire, Republic of Congo on June 12, 2013.The cargo with a total weight of about 4,900 tonnes originated from the Port of S
TORONTO, ONTARIO — (Marketwire) — 03/18/13 — MagIndustries Corp. (TSX: MAA) (the "Company" or "MagIndustries") is pleased to announce that it has entered into a "Framework Agreement" with East China Engineering Science and Technology Co., Ltd. ("ECEC") under which ECEC will provide a range of services related to the engineering, planning, construction and performance of the Company-s 1.2 million tonnes per annum Mengo Potash Project in the Republic of
TORONTO, ONTARIO — (Marketwire) — 03/12/13 — MagIndustries Corp. ("MagIndustries" or the "Company") (TSX: MAA) announced today that it has received notice from Evergreen Resources Holdings (BVI) Ltd. of its intention to convert its outstanding loan to the Company into 295,770,211 common shares (being a deemed conversion price of approximately $0.1713 per share). Such conversion will result in Evergreen-s ownership interest in MagIndustries increasing from approximately 7
TORONTO, ONTARIO — (Marketwire) — 02/25/13 — MagIndustries Corp. ("MagIndustries" or the "Company") (TSX: MAA) today announced that Will Burton, the Company-s Chief Financial Officer, has resigned his position to pursue a new opportunity. Mr. Burton-s resignation is effective on March 25, 2013. The Board of Directors has authorized a search for a new Chief Financial Officer, strong candidates have been identified, and an appointment will be announced in the coming weeks.
TORONTO, ONTARIO — (Marketwire) — 12/21/12 — MagIndustries Corp. ("MagIndustries" or the "Company") (TSX: MAA) announced today that in connection with certain loans made to Evergreen Resources Holding (BVI) Ltd., ("Evergreen BVI"), the holder of 357,238,683 common shares, or approximately 77.6% of MagIndustries, Evergreen BVI has entered into a share pledge agreement with the Export-Import Bank of China ("China EXIM") under which Evergreen BVI has ple
TORONTO, ONTARIO — (Marketwire) — 11/29/12 — MagIndustries Corp. ("MagIndustries" or the "Company") (TSX: MAA) is pleased to announce that the Board of Directors of the Company has resolved to add an additional director to the Board of Directors and has appointed Mr. Weiguo (William) He as a director to hold office until the next annual general meeting of the shareholders of the Company. The Board of Directors of the Company has also accepted the resignation from the Boa
TORONTO, ONTARIO — (Marketwire) — 11/27/12 — MagIndustries Corp. ("MagIndustries" or the "Company") (TSX: MAA) announced today that it has provided notice to Ameropa AG of its intention to terminate the marketing agreements it previously entered into with Ameropa AG to market all of the production of potash during Phase 1 and Phase 2 of the Company-s Mengo potash project. Pursuant to the terms of the marketing agreements the Company has the right to terminate the agreeme
TORONTO, ONTARIO — (Marketwire) — 10/16/12 — MagIndustries Corp. ("MagIndustries" or the "Company") (TSX: MAA) is pleased to report that it has entered into a port facility design contract to further the development of its flagship Mengo potash project (the "Project") in the Republic of Congo ("ROC"). The contract is with China Shipbuilding NDRI Engineering Co., Ltd. ("NDRI") and calls for the design of all necessary facilities for the opera
TORONTO, ONTARIO — (Marketwire) — 08/22/12 — MagIndustries Corp. (the "Company") (TSX: MAA) is pleased to announce that it has entered into an agreement with Evergreen Resources Holdings (BVI) Ltd. ("Evergreen"), the Company-s controlling shareholder, to extend the terms of the loan originally provided to the Company by Evergreen on August 23, 2011 (the "Loan").The Loan originally entered into on August 23, 2011 was a C$50,000,000 principal amount term loan wit
TORONTO, ONTARIO — (Marketwire) — 04/04/12 — MagIndustries Corp ("MagIndustries" or the "Company") (TSX: MAA) is pleased to report that it has entered into two contracts to further the development of its potash projects in the Republic of Congo ("ROC"). The first contract is for engineering design work for the Company-s flagship Mengo potash project (the "Mengo Project"). The second contract is for exploration well drilling at the Company-s additional
