Magna Gold Corp. Announces Private Placement Of Common Shares Lead Investments By Eric Sprott And Two Mining Industry Participants

Magna Gold Corp – News

TORONTO, May 19, 2020 – Magna Gold Corp. (TSXV: MGR, OTCQB: MGLQF) (“Magna” or the “Company“) is pleased to announce a non-brokered private placement of up to 17,075,000 common shares in the capital of the Company (the “Offered Shares“) at a price of $0.41 per Offered Share for aggregate gross proceeds of up to $7,000,750 (the “Private Placement“). The Private Placement includes lead investments by Eric Sprott and two mining industry participants.

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