MAG ONE Products Announces Non-Brokered Private Placement of $0.88 Units to Raise $1.5 Million - Video News Alert on Investmentpitch.com

Vancouver, British Columbia--(Newsfile Corp. - November 13, 2015) - MAG ONE Products (CSE: MDD) announced a non-brokered private placement of up to 1,704,546 units at $0.88 for gross proceeds of up to $1.5 million.

Each unit consists of one common share and one full warrant, with each warrant exercisable at $1.10 for a period of two years from the closing. The warrants are subject to an accelerated expiration period of thirty days in the event the shares trade at $2.00 or more for ten consecutive trading days and MAG ONE Products announces such accelerated expiration period.

InvestmentPitch.com has produced a "video interview" with Nelson Skalbania, Chairman of MAG ONE, which provides an overview of the company and its technology. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Mag One" in the search box.

If you cannot view the video above, please visit:
http://www.investmentpitch.com/video/0_9chdfq1q/Nelson-Skalbania-Interview--Mag-One-Products-Inc-CSE-MDD

MAG ONE's game-changing, thermal magnesium (Mg) processing technology is targeted to produce 99.9% pure magnesium ingots at a cost that is at least 25% lower than current global magnesium production technologies. This cost reduction is partly due to MAG ONE's modular expansion strategy, which ensures that capital expenditures for plant construction will be much lower than they are for competing electrolytic magnesium manufacturing facilities.

Through a wholly owned subsidiary, MAG ONE has gained access to 30 million tonnes of magnesium ore at a price of $1.50 per tonne. This ore, which is sitting on the surface in Quebec, Canada, contains approximately 23% magnesium, and is sufficient for 70 years of production of magnesium metal at the target capacity of 100,000 tonnes annually.

There are many exciting new developing markets for the metal, particularly in the automotive industry where magnesium could reduce the weight of a vehicle by 15% or 500 lbs. For more information about the supply and demand and future uses of magnesium, please watch this video (click here) (http://www.investmentpitch.com/video/0_tjhczjhv/Magnesium--Is-it-the-metal-of-the-future), or visit www.investmentpitch.com, and enter "Mag One" in the search box.

The company's recent application for a grant from the Canadian Government's Industrial Research Assistance Program (IRAP) has been approved. The National Research Council's program is Canada's premier innovation assistance program for small and medium-sized enterprises and is regarded world-wide as one of the best programs of its kind. As each IRAP application is reviewed by a specialist in the specific commercial sector to which a grant application relates, a grant approval is a strong endorsement of a company's technology.

Dr. James G. Blencoe, CTO and Co-Chairman, stated: "We are looking forward to working closely with IRAP to ensure that profitable, large-scale Canadian manufacturing of magnesium is initiated at the earliest possible time."

The shares are trading at $1.09, well above the unit price of the non-brokered private placement, and with 31.9 million shares outstanding, the company is capitalized at $34.8 million.

For more information about MAG ONE, please visit the company's website www.MagOneProducts.com.

For investor relations, call 604-379-5711 or email investor_relations@shaw.ca.

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