secwatch.observer — SEC 8-K summary
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Issuer:     Mag Magna Corp (MGNC)
CIK:        0001949864
Form:       8-K
Filed at:   2026-03-18T23:59:59+00:00
Accession:  0001683168-26-001985
Event type: other
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mag Magna issues 10M shares to consultants and legal counsel for rare earth services
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1949864/000168316826001985/0001683168-26-001985-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1949864/000168316826001985/magmagna_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-001985

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer