MagIndustries Retains Morgan Stanley to Review Financing Strategies for MagMinerals Potash Corp.
MagIndustries Corp. has announced that it will undertake a review of financing strategies for MagMinerals Potash Corp., and as a result has retained Morgan Stanley as financial advisor to assist with the process. MagIndustries effectively holds 69.7% of MagPotash.
MagIndustries Corp. is a Canadian company whose common shares are listed on the TSX-V Exchange and trades in Canadian currency under the symbol “MAA”. The Company has 197,514,016 shares outstanding on an undiluted basis. MagIndustries’ wholly owned resource subsidiaries are operating and developing major industrial projects in the Republic of Congo (ROC) and the Democratic Republic of Congo (DRC). MagMinerals Potash is developing the 600,000 tonne per year, Phase 1, Kouilou Potash project near Pointe Noire, Republic of Congo.
