TORONTO, ONTARIO--(Marketwired - June 26, 2013) - MagIndustries Corp. ("MagIndustries" or the "Company") (MAA.TO) today announced that Stella Zhao, the Company's Co-Chief Financial Officer, has resigned her position to pursue other interests. Ms. Zhao's resignation is effective on July 26, 2013. As announced in a Press Release issued February 25, 2013, the Board of Directors continues its search for a new Chief Financial Officer, strong candidates have been identified, and an appointment will be announced in the coming weeks. In the interim Mr. Geoff Woo CGA, Corporate Controller, will be responsible for the financial management of the Company.
MagIndustries' Board of Directors and management thanks Ms. Zhao for her contribution to the Company and wishes her well in her future endeavors.
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 755,942,674 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.
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Mr. Rich Morrow
Director, Investor Relations and Corporate Development