TORONTO, ONTARIO--(Marketwire - June 12, 2009) - MagIndustries Corp. (the "Company") (TSX VENTURE:MAA) is pleased to announce that it has signed a Memorandum of Understanding ("MOU") with a strategic party (the "Subscriber") that intends to subscribe for 400 million MagIndustries shares at a price of Cdn$0.70.

http://www.marketwire.com/press-release/Magindustries-Corp-TSX-VENTURE-MAA-1003295.html

----------------

MagIndustries Corp. is a Canada-based company. The Company operates in four business units: MagEnergy, MagMinerals, MagMetals and MagForestry. MagMinerals, MagMetals, and MagForestry are all located in the Pointe-Noire area of the Republic of Congo, while MagEnergy’s operations are focused in the Democratic Republic of Congo. MagMinerals owns exclusive rights to the Kouilou Potash Project, the undeveloped potash deposits. MagForestry owns the rights to a 68,000 hectare commercial eucalyptus forestry plantation overlying the Kouilou potash property. The plantation supplies 500,000 ton per year wood chip plant located in the port of Pointe-Noire. MagEnergy is financing and project managing the refurbishment and rehabilitation of the off-line turbines at the Inga hydro-electric facility on the Congo River in the Democratic Republic of Congo. MagMetals plans to produce magnesium and magnesium alloys for the automotive industry.

---------------

les chinois sont rentré à 0.70 .... on est a 0.56 ....

inflation, afrique, chine, developpement, foret, metaux, energie  .... quel beau melange