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[Makamai]

Magnum Secures $15 Million Expansion Funding Through SIMCO GROUP Wednesday, March 18, 2009

http://www.magnumresources.net/view-news.php?id=177 Full news release – See summary below:

FORT LAUDERDALE, Fla., March 18 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc. (OTC Bulletin Board: MDOR - News; Magnum) announces $15,000,000 USD source funding for previously announced capital expansion and acquisition projects in 2009.

The terms of the financing include a cash disbursement to Magnum of $15,000,000 USD. In return, Magnum will issue an eight (8) year convertible promissory note that requires no payments for the initial four (4) years. Interest will accrue at an equivalent rate of 12.5% per annum non-compounded to yield a total overall return on the investment instrument of 50%. In the fourth through eighth years of the note the interest rate will be reduced to a 5% per annum yield. After the fourth year but before maturity the holder may elect to convert the note to common stock based upon a trailing 20 trading day closing stock price.

According to Glusic, "The $15,000,000 funding will be used to immediately expand the Magog facility and increase capacity. Additional custom equipment will follow shortly to support the recent Magnum/SRI advancements in compound development so that Magog will soon be capable of manufacturing specialty compounds and sufficient batch production for delivery to manufacturers