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:
| Appointed | ||
| • | John Rowe - Non-executive Chairman | |
| • | Christopher Williams - Director | |
| • | Trevor Eton - Director | |
| Resigned | ||
| • | Max Cozijn - Non-executive Chairman | |
| • | Keith Watkins - Managing Director & CEO | |
| • | Terry Burgess - Non-executive Director | |
| • | Neil Fearis - Non-executive Director | |
| • | David Constable - Non-executive Director | |
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
Contact Information:
Magma Metals Limited
Graeme Scott
Company Secretary
+61 (0)8 9287 7300 (Perth)
magma@magmametals.com.au
Magma Metals Limited
Greg Taylor
Investor Relations
+1-905-337-7673 (Toronto) or Mob: +1-416-605-5120
gtaylor@magmametals.ca
www.magmametals.com.au
Graeme Scott
Company Secretary
+61 (0)8 9287 7300 (Perth)
magma@magmametals.com.au
Magma Metals Limited
Greg Taylor
Investor Relations
+1-905-337-7673 (Toronto) or Mob: +1-416-605-5120
gtaylor@magmametals.ca
www.magmametals.com.au