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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 18, 2013) - Magna Resources Ltd. (the "Company) (CNSX:MNA)(OTCQX:MGRZF) is pleased to announce a non-brokered private placement (the "Private Placement") for up to 2,500,000 Units ("Units") at a price of $0.15 per Unit to raise total proceeds of $375,000. Each Unit will be comprised of one common share of the Issuer (a "Share") and one-half of one common share purchase warrant of the Issuer (each whole warrant, a "Warrant"). Each Warrant will be exercisable into a common share of the Company (a "Warrant Share") for a period of 24 months from the date of issuance at an exercise price of $0.25 per Warrant Share. |
