MagIndustries Announces Changes to Its Board of Directors
November 29 2012 - 10:51AM
Marketwired
MagIndustries Corp. ("MagIndustries" or the "Company") (TSX:MAA) is
pleased to announce that the Board of Directors of the Company has
resolved to add an additional director to the Board of Directors
and has appointed Mr. Weiguo (William) He as a director to hold
office until the next annual general meeting of the shareholders of
the Company. The Board of Directors of the Company has also
accepted the resignation from the Board of Directors of Zhijun
(James) Shen, who leaves to board to focus on his role as Senior
Adviser to the Chairman and Chief Executive Officer of Evergreen
Industries Group.
Mr. He is a Partner of the Canadian law firm of Davis LLP. Mr.
He's primary practice areas are Securities, Mergers &
Acquisitions and China Practice, and he heads up its China Practice
Group. Mr. He frequently advises international clients on such
issues as securities distributions, stock exchange listings,
continuous disclosure requirements, corporate governance, and
mergers & acquisitions. Mr. He also teaches a course entitled
"Introduction to Canadian Business Laws" at the Professional and
Management Program of Simon Fraser University. He has published
approximately ten articles on aspects of the law. Mr. He has earned
several professional recognitions, including the 2012 Euromoney
Leading Practitioners: China (Mergers and Acquisitions:
International); the 2012 Euromoney Leading Practitioners: China
(Project Finance: International); the Canadian Corporate Lawyer to
Watch in the Lexpert 2012 Guide to the Leading US/Canada
Cross-border Corporate Lawyers in Canada and the "Leading Lawyers
Under 40" Award by Lexpert in 2011. Mr. He studied law at McGill
University Faculty of Law (LL.B., B.C.L. and LL.M.) in Canada,
Tsinghua University School of Law (Master of Civil and Commercial
Law) in China and the Faculty of Law, the University of Hong Kong
(Certificate of Common Law Studies). He holds bar licences from
British Columbia, Ontario, New York and Massachusetts and obtained
the National Lawyer Qualification Certificate of China in 1999.
Mr. Simon Liang, Chairman of the Board of Directors, remarked,
"The Board of Directors and management of MagIndustries Corp. is
excited to welcome Mr. He to the board. His legal and transactional
expertise will greatly assist the directors in guiding the Company
through a very dynamic period in its development. We are all
looking forward to working together to pursue the Company's
projects for the benefit of its shareholders."
About MagIndustries Corp.
MagIndustries is a Canadian company whose common shares are
listed on the TSX and trades in Canadian currency under the symbol
"MAA". The Company has 460,172,463 shares outstanding on an
undiluted basis. MagIndustries 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.com.
Except for historical information, this press release contains
forward-looking statements, which reflect the Company's current
expectation regarding future events. These forward-looking
statements involve risks and uncertainties, which may cause actual
results to differ materially from those statements. Those risks and
uncertainties include, but are not limited to, changing market
conditions, and other risks detailed from time-to-time in the
Company's ongoing filings. We undertake no obligation to publicly
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. In light of
these risks, uncertainties and assumptions, the forward-looking
events in this press release might not occur.
Cusip: 55917T 102
Contacts: MagIndustries Corp. Mr. Will Burton CFO, VP Finance
416-368-7911willburton@magindustries.com www.magindustries.com