Magna Gold Corp. Announces Closing of VRIFY Technology Transaction

Oct 22, 2019

NEW YORK and TORONTO and HERMOSILLO, Mexico, Oct. 22, 2019 (GLOBE NEWSWIRE) -- Magna Gold Corp. (TSXV: MGR, OTCQB: MGLQF) (“Magna” or the “Company”), is pleased to announce that further to its press releases dated June 11, 2019 and October 17, 2019, the Company has issued 99,502 common shares (“Shares”) in the capital of the Company (the “Consideration Shares”) at a deemed issue price of $0.25125 per Share to VRIFY Technology Inc., in consideration for the provision of technology services. The Consideration Shares will be subject to a hold period of four months and one day from the closing date.

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