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Published on 10/6/2009 in the Prospect News PIPE Daily.

Magna Resources cancels C$1.2 million private placement of units

By Devika Patel

Knoxville, Tenn., Oct. 6 - Magna Resources Ltd. announced it will not proceed with a C$1.2 million private placement of units that priced on Aug. 6.

Vancouver, B.C.-based Magna Resources is a mineral exploration company.


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