Latest Magindustries Corp (MAAFF) Headlines
MagIndustries Announces Appointment of Geoff Woo as CFO
Marketwire - Mon Feb 24, 7:31AM CST
MagIndustries Corp. ("MagIndustries" or the "Company") (TSX: MAA) is pleased to announce that Geoff Woo, CGA has been appointed Chief Financial Officer of the Company, effective immediately. Mr. Woo has served MagIndustries for the past 11 months as Financial Controller. He is a finance professional with over fifteen years of corporate finance experience gained in both private and public companies.
MagIndustries Announces a Pledge of the Balance of Its Shares by Evergreen
Marketwire - Mon Jan 20, 10:30AM CST
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 653,008,894 common shares, or approximately 86.4% 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 pledged an additional 295,770,211 common shares of the Company as collateral for such borrowings. MagIndustries had reported previously in its press release of December 21, 2012 that Evergreen BVI had entered into a share pledge agreement with China EXIM under which Evergreen BVI had pledged 357,238,683 common shares of the Company as collateral for certain loans. MagIndustries is not a party to the loans nor any associated obligations.
MagIndustries Corp.: Environmental and Social Impact Analyses for Loading Terminal, Compaction Plant and Linear Infrastructure Approved by Republic of Congo for the Mengo Project
Marketwire - Mon Dec 16, 11:53AM CST
MagIndustries Corp. ("Mag" or the "Company") (TSX: MAA) is pleased to announce that Environmental and Social Impact Analyses("ESIA") for a loading terminal, compaction plant and linear infrastructure for its proposed 1.2 mtpy Mengo Potash Project (the "Project") have received final approval from the Ministry of Tourism and Environment of the Republic of Congo.
MagIndustries Reports on the Progress of the 1.2 Million tpy Mengo Potash Project
Marketwire - Wed Nov 27, 2:06PM CST
MagIndustries Corp. (TSX: MAA) (the "Company" or "MagIndustries") is pleased to report that it is progressing well with the implementation of its proposed 1.2 million tonnes per annum Mengo Potash Project (the "Project") in the Republic of Congo (the "ROC"). The Company has reported on the progress of its application to the China Development Bank ("CDB") which has resulted in a Letter of Commitment (LOC) from China Development Bank, China's lead policy bank, related to a major component of Project funding (see the Company's Press Release of November 21, 2013).
IIROC Trade Resumption - MagIndustries Corp.
Newsfile Corp - Thu Nov 21, 10:51AM CST
Trading resumes in:
MagIndustries Receives Conditional Funding Commitment from China Development Bank for the Mengo Project
Marketwire - Thu Nov 21, 10:33AM CST
MagIndustries Corp. (TSX: MAA) (the "Company" or "MagIndustries") announced today that it has received a Letter of Commitment (the "LOC") from the China Development Bank ("CDB") related to the majority of the funding required to complete the construction of its proposed 1.2 million tonnes per annum Mengo Potash Project in the Republic of Congo (the "Project"). The LOC is a conditional commitment by CDB in favour of the borrower of record, MagMinerals Potash Corp. (the "Borrower"), a wholly owned subsidiary of the Company, to arrange a syndication loan (the "Loan") for an amount up to US$740 million with a term of 12 years in connection with the Project, in which CDB will provide up to US$370 million as the lead arranger.
MagIndustries Corp.: Update of the NI 43-101 Technical Report for MagMineral's Mengo Permit Area, Kouilou Region, Republic of Congo
Marketwire - Thu Nov 14, 2:31PM CST
MagIndustries Corp. ("MagIndustries" or the "Company") (TSX: MAA) is pleased to report that it has received an updated National Instrument 43-101 Technical Report entitled Update of the NI 43-101 Technical Report for MagMineral's Mengo Permit Area, Kouilou Region, Republic of Congo (the "Technical Report") in respect of the property owned by its 90% owned subsidiary MagMinerals Potasses Congo SA. ("MPC"). Specifically, the Technical Report relates to the geology and development of the Company's proposed 1.2 million tonnes K60 product per annum Mengo Potash Project in the Republic of Congo (the "Project"). The Technical Report updates the National Instrument 43-101 Technical Report filed on June 11, 2009 (see the Company's press release dated June 11, 2009). The authors of the Technical Report are EurGeol Dr. Henry Rauche, EurGeol Dr. Sebastiaan van der Klauw, and EUR ING Ralf Linsenbarth of ERCOSPLAN Ingenieurgesellschaft Geotechnik und Bergbau mbH (collectively "ERCOSPLAN").
IIROC Trade Halt - MagIndustries Corp.
Newsfile Corp - Thu Nov 14, 1:55PM CST
The following issues have been halted by IIROC:
MagIndustries Provides Update on Financing
Marketwire - Mon Oct 21, 7:43AM CDT
MagIndustries Corp. (TSX: MAA) (the "Company" or "MagIndustries") announced today that it is continuing its negotiations with a proposed lender for the debt required to complete the construction of its proposed 1.2 million tonnes per annum Mengo Potash Project in the Republic of Congo (the "Project"). The Company believes that it has made progress with respect to these negotiations and is currently attempting to finalize the conditions associated with the debt facility. The Company will provide an update on the status of the debt facility if and when final terms have been agreed upon.
General Contract for the Construction of MagIndustries' Mengo Potash Project is Now Unconditional
Marketwire - Mon Jul 29, 12:19PM CDT
MagIndustries Corp. (TSX: MAA) (the "Company" or "MagIndustries"). Further to its press release of July 10, 2013 indicating that a conditional General Contract had been signed with East China Engineering Science and Technology Co., Ltd. ("ECEC") MagIndustries, is pleased to report that the General Construction Contract (the "General Contract") has been finalized and is now unconditional. The General Contract remained conditional until the General Contractor provided to the Company a performance guarantee registered with a bank which could be demanded by the Company in the event of non-performance of certain obligations specified in the General Contract. The Company informed the General Contractor yesterday that it was satisfied with the guarantee provided.
MagIndustries Hosts Inauguration Ceremony for the Mengo Project
Marketwire - Thu Jul 18, 1:38PM CDT
MagIndustries Corp. (TSX: MAA) (the "Company" or "MagIndustries") hosted an Inauguration Ceremony (the "Ceremony") yesterday for its intended 1.2 million tonne per year Mengo Potash Project (the "Project") in the Republic of Congo. The Ceremony provided an official recognition for the recent arrival in Congo of materials and equipment in anticipation of the start of construction of the Project and encouragement to the Company as it proceeds with implementation.
MagIndustries Announces Appointment of Geoff Woo as CFO
Marketwire - Mon Feb 24, 7:31AM CST
MagIndustries Corp. ("MagIndustries" or the "Company") (TSX: MAA) is pleased to announce that Geoff Woo, CGA has been appointed Chief Financial Officer of the Company, effective immediately. Mr. Woo has served MagIndustries for the past 11 months as Financial Controller. He is a finance professional with over fifteen years of corporate finance experience gained in both private and public companies.
MagIndustries Announces a Pledge of the Balance of Its Shares by Evergreen
Marketwire - Mon Jan 20, 10:30AM CST
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 653,008,894 common shares, or approximately 86.4% 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 pledged an additional 295,770,211 common shares of the Company as collateral for such borrowings. MagIndustries had reported previously in its press release of December 21, 2012 that Evergreen BVI had entered into a share pledge agreement with China EXIM under which Evergreen BVI had pledged 357,238,683 common shares of the Company as collateral for certain loans. MagIndustries is not a party to the loans nor any associated obligations.
MagIndustries Corp.: Environmental and Social Impact Analyses for Loading Terminal, Compaction Plant and Linear Infrastructure Approved by Republic of Congo for the Mengo Project
Marketwire - Mon Dec 16, 11:53AM CST
MagIndustries Corp. ("Mag" or the "Company") (TSX: MAA) is pleased to announce that Environmental and Social Impact Analyses("ESIA") for a loading terminal, compaction plant and linear infrastructure for its proposed 1.2 mtpy Mengo Potash Project (the "Project") have received final approval from the Ministry of Tourism and Environment of the Republic of Congo.
MagIndustries Reports on the Progress of the 1.2 Million tpy Mengo Potash Project
Marketwire - Wed Nov 27, 2:06PM CST
MagIndustries Corp. (TSX: MAA) (the "Company" or "MagIndustries") is pleased to report that it is progressing well with the implementation of its proposed 1.2 million tonnes per annum Mengo Potash Project (the "Project") in the Republic of Congo (the "ROC"). The Company has reported on the progress of its application to the China Development Bank ("CDB") which has resulted in a Letter of Commitment (LOC) from China Development Bank, China's lead policy bank, related to a major component of Project funding (see the Company's Press Release of November 21, 2013).
IIROC Trade Resumption - MagIndustries Corp.
Newsfile Corp - Thu Nov 21, 10:51AM CST
Trading resumes in:
MagIndustries Receives Conditional Funding Commitment from China Development Bank for the Mengo Project
Marketwire - Thu Nov 21, 10:33AM CST
MagIndustries Corp. (TSX: MAA) (the "Company" or "MagIndustries") announced today that it has received a Letter of Commitment (the "LOC") from the China Development Bank ("CDB") related to the majority of the funding required to complete the construction of its proposed 1.2 million tonnes per annum Mengo Potash Project in the Republic of Congo (the "Project"). The LOC is a conditional commitment by CDB in favour of the borrower of record, MagMinerals Potash Corp. (the "Borrower"), a wholly owned subsidiary of the Company, to arrange a syndication loan (the "Loan") for an amount up to US$740 million with a term of 12 years in connection with the Project, in which CDB will provide up to US$370 million as the lead arranger.
MagIndustries Corp.: Update of the NI 43-101 Technical Report for MagMineral's Mengo Permit Area, Kouilou Region, Republic of Congo
Marketwire - Thu Nov 14, 2:31PM CST
MagIndustries Corp. ("MagIndustries" or the "Company") (TSX: MAA) is pleased to report that it has received an updated National Instrument 43-101 Technical Report entitled Update of the NI 43-101 Technical Report for MagMineral's Mengo Permit Area, Kouilou Region, Republic of Congo (the "Technical Report") in respect of the property owned by its 90% owned subsidiary MagMinerals Potasses Congo SA. ("MPC"). Specifically, the Technical Report relates to the geology and development of the Company's proposed 1.2 million tonnes K60 product per annum Mengo Potash Project in the Republic of Congo (the "Project"). The Technical Report updates the National Instrument 43-101 Technical Report filed on June 11, 2009 (see the Company's press release dated June 11, 2009). The authors of the Technical Report are EurGeol Dr. Henry Rauche, EurGeol Dr. Sebastiaan van der Klauw, and EUR ING Ralf Linsenbarth of ERCOSPLAN Ingenieurgesellschaft Geotechnik und Bergbau mbH (collectively "ERCOSPLAN").
IIROC Trade Halt - MagIndustries Corp.
Newsfile Corp - Thu Nov 14, 1:55PM CST
The following issues have been halted by IIROC:
MagIndustries Provides Update on Financing
Marketwire - Mon Oct 21, 7:43AM CDT
MagIndustries Corp. (TSX: MAA) (the "Company" or "MagIndustries") announced today that it is continuing its negotiations with a proposed lender for the debt required to complete the construction of its proposed 1.2 million tonnes per annum Mengo Potash Project in the Republic of Congo (the "Project"). The Company believes that it has made progress with respect to these negotiations and is currently attempting to finalize the conditions associated with the debt facility. The Company will provide an update on the status of the debt facility if and when final terms have been agreed upon.
General Contract for the Construction of MagIndustries' Mengo Potash Project is Now Unconditional
Marketwire - Mon Jul 29, 12:19PM CDT
MagIndustries Corp. (TSX: MAA) (the "Company" or "MagIndustries"). Further to its press release of July 10, 2013 indicating that a conditional General Contract had been signed with East China Engineering Science and Technology Co., Ltd. ("ECEC") MagIndustries, is pleased to report that the General Construction Contract (the "General Contract") has been finalized and is now unconditional. The General Contract remained conditional until the General Contractor provided to the Company a performance guarantee registered with a bank which could be demanded by the Company in the event of non-performance of certain obligations specified in the General Contract. The Company informed the General Contractor yesterday that it was satisfied with the guarantee provided.
MagIndustries Hosts Inauguration Ceremony for the Mengo Project
Marketwire - Thu Jul 18, 1:38PM CDT
MagIndustries Corp. (TSX: MAA) (the "Company" or "MagIndustries") hosted an Inauguration Ceremony (the "Ceremony") yesterday for its intended 1.2 million tonne per year Mengo Potash Project (the "Project") in the Republic of Congo. The Ceremony provided an official recognition for the recent arrival in Congo of materials and equipment in anticipation of the start of construction of the Project and encouragement to the Company as it proceeds with implementation.
