Cover Technologies Inc.
Cover Technologies Inc. is the development and commercialization of technologies for the processing and production of magnesium (Mg) metal, Mg-related compounds, by-products and co-products from already mined, above ground serpentinite tailings. Cover Technologies' goal is to become the lowest cost producer of Mg metal in the world by producing Mg at a price equivalent to Aluminum. Cover Technologies' potential is evidenced by the fact that it has received support from both the Federal and Provincial governments and is in the process of negotiating further support.
Cover Technologies Inc. (COVE)
le 16 octobre/October 2020
Mag One Products Inc. has announced a name change and symbol change to Cover Technologies Inc. (COVE). and a consolidation of its issued and outstanding common shares on the basis of one (1) post consolidated common share for every twenty (20) pre-consolidated common shares.
As a result, the outstanding shares of the company will be reduced to approximately 2,752,145 common shares.
The shares will begin trading on a consolidated basis and with a new CUSIP number on October 20, 2020.