TORONTO, Oct. 20 /CNW/ - The common shares of Magna Resources Inc. have
been approved for listing on CNQ. Following an Initial Public Offering of
2 million shares at a price of $0.16 per share, there are 10.01 million shares
outstanding with a public float of 2.69 million shares. PI Financial Corp.
acted as Agent on the Offering.
Magna Resources is a mineral exploration company and currently holds an
option to acquire a 100% interest in the Shanty Bay Claims located in the Red
Lake Mining Division in Ontario.
Listing and disclosure documents for Magna Resources Ltd. will be
available in the CNQ Listings Disclosure Hall
Trading Date: Wednesday, October 22, 2008
CUSIP:559263 10 8
ISIN: CA 559263 10 8 2
Applications are being accepted for Market Makers for "MNA".
For further information:
For further information: Radhika at (416) 572-2000 X 2435 or E-mail: