MGX Minerals Closes Oversubscribed Private Placement for Alberta Lithium Project

MGX Minerals (CSE:XMG) announced it has closed the previously announced non-brokered private placement. Due to over-subscribed demand the Company has raised gross proceeds of CA$615,000 through the issuance of 6,150,000 Units.
Proceeds from the Private Placement will be used for lithium exploration and development, private placement expenses, maintenance of the Company’s assets, payments of liabilities and general working capital purposes.
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