MGX Minerals closes private placement of special warrants

Fasken advised MGX Minerals Inc. (MGX) in connection with a final short form prospectus in the provinces of Alberta, British Columbia, and Ontario to qualify the distribution of 6,879,226 units of the Company and the common shares and warrants underlying such Units issuable for no additional consideration upon the exercise or deemed exercise of 6,253,842 special warrants of MGX, which were previously sold by MGX by way of private placement.

MGX is a diversified Canadian mining company engaged in the development of large-scale industrial mineral portfolios in western Canada that offer near-term production potential, minimal barriers to entry and low initial capital expenditures. The company operates lithium, magnesium and silicon projects throughout British Columbia and Alberta.

Fasken was counsel to MGX with a team that included Sarah Gingrich.