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MGX FY assets grow

Tuesday, November 29, 2016 13:25
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(Before It's News)

MGX Minerals Inc (CNSX:XMG) reported a rise in assets in its full year results, in a period marked by continued exploration and development activities on the Driftwood property and the acquisition of magnesite and lithium projects.

Mineral properties rose to C$1.25mln in the year ended July 30 from C$926,000 a year earlier while total assets grew to C$1.5mln from C$1.18mln.

The comprehensive loss was C$2.3mln versus C$1.2mln a year earlier.

MGX shares were up 9.1% at C$0.30 on Tuesday.

Story by ProactiveInvestors

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