June 26, 2012 08:48 ET
PERTH, WESTERN AUSTRALIA--(Marketwire - June 26, 2012) - Magma Metals Limited (TSX:MMW)(ASX:MMW) ("Magma" or the "Company") advises that following the off-market takeover of the Company by Panoramic Resources Limited (ASX:PAN) changes to the composition of the Board of Directors have been implemented as follows:
In addition Vera Waldby was appointed as joint Company Secretary.
Panoramic is now in the process of compulsorily acquiring the remaining shares in Magma and intends to delist Magma from the ASX & TSX platforms.
ABN 72 114 581 047
Magma Metals LimitedGraeme ScottCompany Secretary+61 (0)8 9287 7300 (Perth)firstname.lastname@example.orgMagma Metals LimitedGreg TaylorInvestor Relations+1-905-337-7673 (Toronto) or Mob: +email@example.com
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