TORONTO, ONTARIO -- (Marketwire) -- 05/14/12 -- MagIndustries Corp. ("MagIndustries" or the "Company") (TSX: MAA) announced today that Gordon Toll has resigned as a Director of MagIndustries. The Company has appreciated all of the contributions Mr. Toll has made as a director and the Company wishes him well with his future endeavours.
About MagIndustries Corp.
MagIndustries is a Canadian company whose common shares are listed on the TSX and trades in Canadian currency under the symbol "MAA". The Company has 460,172,463 shares outstanding on an undiluted basis. MagIndustries is 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.
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, changing market conditions, and other risks detailed from time-to-time in the Company's ongoing filings. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events in this press release might not occur.
Cusip: 55917T 102
Contacts:
MagIndustries Corp.
Mr. Will Burton
CFO, VP Finance
416-368-7911
willburton@magindustries.com
MagIndustries Corp.
Mr. Rich Morrow
Director, Investor Relations and Corporate Development
416-368-7911
rmorrow@magindustries.com
www.magindustries.com
