Magma Energy Corp. announced today that in connection with its previously announced public offering, it has entered into an underwriting agreement and has filed an amended and restated preliminary prospectus with the securities regulatory authorities in each of the provinces of Canada, other than Quebec with respect to the issuance of 35,714,286 common shares of Magma at a price of $1.12 per share, for gross proceeds of $40,000,000.
Magma Energy enters into underwriting agreement and files amended preliminary prospectus