MAAFF News Alert Magindustries Corp (MAAFF) 0.1699 02/15/2015

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Magindustries Corp (MAAFF) 0.1699 $MAAFF

Confidentiality Agreement Signed by Potential Investor in MagIndustries
Marketwired - Mon Feb 09, 8:37AM CST
MagIndustries Corp. (TSX: MAA) (the "Company" or "MagIndustries" announced today that it has signed a Confidentiality Agreement (the "CA" with an un-named party that is exploring a potential investment in MagIndustries. Due diligence under the "CA" is currently underway and preliminary discussions have taken place about a potential investment in the Company.
MAA.TO: 0.23 (unch)

MagIndustries Announces Formation of Special Committee in Connection With RCMP Investigation
Marketwired - Thu Jan 29, 2:29PM CST
MagIndustries Corp. (TSX: MAA) (the "Company" or "MagIndustries" announced today that its board of directors has formed a special committee to complete an internal review of allegations regarding a breach of the Corruption of Foreign Public Officials Act by certain officers and employees of the Company. The committee was formed as the result of the RCMP attending at the Company's head office with a search warrant on January 22, 2015 in connection with the aforementioned allegation. No charges have been laid in connection with this investigation and MagIndustries has no knowledge of any such breach and will be cooperating fully with the authorities in connection with their investigation.
MAA.TO: 0.23 (unch)

MagIndustries Financing Update
Marketwired - Fri Jan 02, 7:21AM CST
MagIndustries Corp. (TSX: MAA) (the "Company" or "MagIndustries" announced on November 13, 2013 that it had 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 "Mengo Project" . The Company's loan application to CDB remains active. The Company understands that delays in approval of the application relate to a more conservative lending environment and tighter fiscal controls in China. MagIndustries continues to work toward approval of the CDB loan but can provide no guidance at this time as to the timeline or outcome of the approval process.
MAA.TO: 0.23 (unch)

MagIndustries Corp.: Update of the NI 43-101 Technical Report for MagMineral's Mengo Permit Area, Kouilou Region, Republic of Congo
Marketwire - Wed Jul 02, 8:01AM CDT
MagIndustries Corp. ("MagIndustries" or the "Company" (TSX: MAA) today announced that it has filed an update to its 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" , previously described in the Company's press release of November 14, 2013. 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 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" .
MAA.TO: 0.23 (unch)




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