other
confidence high
sentiment neutral
materiality 0.40
Mag Magna issues 10M shares to consultants and legal counsel for rare earth services
Mag Magna Corp
- Issued 8.7M shares to 13 consultants under separate consulting agreements for rare earth element strategies.
- Issued 1.3M shares to Eric Newlan (Newlan Law Firm) for legal services through Sept 30, 2026, valued at $0.077/share ($100K).
- Consultants directed not to engage in capital-raising or market promotion activities.
- Agreements are for geological reports, due diligence, and corporate/securities legal work.
- Company discloses it currently lacks adequate capital to pursue its full business plan.