InvestorsHub Logo
Followers 149
Posts 7543
Boards Moderated 0
Alias Born 04/09/2013

Re: ToyotaMR2s post# 181

Tuesday, 04/18/2017 9:52:21 AM

Tuesday, April 18, 2017 9:52:21 AM

Post# of 305
MagIndustries Reports No Charges from RCMP to the Company or Individuals

TORONTO, ON / ACCESSWIRE / April 17, 2017 / MagIndustries Corp. (OTC PINK: MAAFF) ("MagIndustries" or the "Company") is pleased to announce that RCMP and Public Prosecution Service of Canada have advised MagIndustries that they have determined that no charges will be made against either the Company or any individuals in respect of the allegations of corrupt payments previously made against the Company.

In January 2015, the RCMP conducted a search of MagIndustries headquarters in Toronto. The search arose out of an Information to Obtain Search Warrant ("ITO") sworn on January 16, 2015 which made allegations of corrupt payments to foreign public officials in the Republic of Congo (the "Congo").

About MagIndustries Corp.
MagIndustries is a Canadian public company who 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.biz.

For further information contact:
Charlie Qian
MagIndustries Corp.
Email: charlie.qian@magindustries.biz

SOURCE: MagIndustries Corp.
© Copyright © 2017 Accesswire. All rights reserved.

I'm a non-professional individual investor who may own, not own, buy, or sell stock at any given time in any security ever mentioned in posts. I never accept compensation in any form to post. Always consult an investment professional when investing.