MagIndustries Announces Board and Management Resignations
Toronto, Ontario--(Newsfile Corp. - March 4, 2016) - MagIndustries Corp. (OTC Pink: MAAFF) ("MagIndustries" or the "Company") reports that Richey Morrow, James Fairbairn, John Gingerich and Chris Hopkins have resigned as Chief Operating Officer, Chief Financial Officer and Directors, respectively of MagIndustries, as well as all officer and director positions held by each with the Company's subsidiaries and affiliated entities.
The remaining board members of the Company have commenced a search for a new Chief Financial Officer and another director.
About MagIndustries Corp.
MagIndustries is a Canadian company focused on the development of its potash assets in the Republic of Congo. More information on the Company is available on its website, www.magindustries.com
Forward Looking Information
Except for historical information, this press release contains forward-looking statements, which reflect the Company's current expectation regarding future events. These forward-looking statements involve risks and uncertainties, which may cause actual results to differ materially from those statements. Those risks and uncertainties include, but are not limited to, country policy and political risks, currency exchange risk, changing market conditions, force majeure events, and other risks detailed from time-to-time in the Company's ongoing filings. Specifically with respect to this press release, the Company may not be able to identify suitable candidates in a timely fashion to fill the vacancies left by the resignations described above. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required under the Company's continuous disclosure obligations.
For further information contact:
Simon Liang, Chief Executive Officer