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MGX Minerals (CSE:XMG) has announced a non-brokered private placement offering of up to 1 million shares at a price of $0.25 per share.
MGX Minerals (CSE:XMG) has announced a non-brokered private placement offering of up to 1 million shares at a price of $0.25 per share.
As quoted in the press release:
A close spaced eight hole diamond drill program and land survey were recently completed at the East Zone of Driftwood Creek for the purpose of delineating an initial mining block and NI 43-101 Resource Estimate, which is currently underway. The Company plans to dovetail the Resource Estimate into a result dependent Mine Plan for the purpose of applying for a Mining and Reclamation Permit for an Industrial Mineral (Magnesite) under the British Columbia Mines Act.