MagIndustries Corp.

MagIndustries Corp.

September 29, 2015 01:20 ET

MagIndustries Announces Management Changes

TORONTO, ONTARIO--(Marketwired - Sept. 29, 2015) - MagIndustries Corp. ("MagIndustries" or the "Company") reports that Longbo Chen, formerly Chief Executive Officer, who left the Company to pursue other interests on September 1, 2015 resigned as director of the Company on September 25, 2015.

The Company thanks him for his service to the Company and its shareholders.

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 file the required documents in accordance with the regulatory requirements given the recently announced board resignations. 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.

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