​MGX files Listing Application with CSE in respect of MGX Renewables

Spotlight News  |

MGX Minerals Inc.  (XMG) (MGXMF) is pleased to announce that it has submitted an application to list the shares of its wholly-owned subsidiary, MGX Renewables Inc. (formerly ZincNyx Energy Solutions Inc.) (“MGX Renewables”) on the CSE.

As previously announced, MGX intends to complete the spin-out of 40% of the common shares of MGX Renewables (“MGX Renewables Shares”) pursuant to a plan of arrangement resulting in MGX shareholders of record on June 29, 2018 receiving one MGX Renewables Share for each 12.4163 MGX common shares (“MGX Shares”) then held (the “First Distribution”), and MGX shareholders of record on October 22, 2018 receiving one MGX Renewables Shares for each 59.8186 MGX Shares then held (the “Second Distribution” and, together with the First Distribution, the “Distribution”). Listing of the MGX Renewables shares remains subject to CSE approval.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The MGX Renewables Shares, Subscription Receipts and any securities underlying the Subscription Receipts (the Units, Unit Shares, Warrants and Warrant Shares) have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold in the United States, unless pursuant to an exemption from such laws.

For more information on MGX Renewables, please refer to the Prior Releases and the Company’s other news releases, dated December 13, 2017, December 18, 2017, January 9, 2018, January 30, 2018, February 1, 2018, February 7, 2018, March 12, 2018 and November 1, 2018 available on the Company’s profile on SEDAR at www.sedar.com and at www.mgxminerals.com.

About MGX Minerals Inc.
MGX Minerals is a diversified Canadian resource company with interests in advanced material and energy assets throughout North America. Learn more at www.mgxminerals.com.

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Companies

Symbol Name Price Change % Volume
XMG:CNX MGX Minerals Inc. 0.63 0.03 5.00 151,838
MGXMF MGX Minerals Inc 0.48 0.03 6.12 119,257

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