ZincNyx and MGX Minerals Inc. (CSE: XMG) are pleased to announce signing of a definitive agreement in which MGX will acquire all issued and outstanding shares of ZincNyx. Upon closing of the Agreement ZincNyx will become a 100% owned subsidiary of the Company.
“We are delighted to become part of the MGX family of Companies,” said ZincNyx President and CEO Suresh Singh. “We look forward to accelerating our commercialization efforts and contributing towards making MGX a leader in the energy storage space. ZincNyx’s relationship with MGX will provide wider exposure to the market and improve our access to strategic partners.”