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Magna Gold Corp
82 Richmond Street East
Phone: (647) 259-1790p:647 259-1790 Toronto, ON  M5C 1P1  Canada Ticker: MGR.HMGR.H
Filed for Protection from its Creditors under the Companies' Creditors Arrangement Act (Canada) on 3/27/2023
On 3/3/2023, Magna Gold Corp. filed a Notice of Intention to Make a Proposal.
KSV Restructuring Inc. has been appointed as the Insolvency Trustee.
On 3/27/2023, Magna Gold Corp. filed with the Ontario Superior Court of Justice (Commercial List) (the "Court") for protection from its creditors under the Companies' Creditors Arrangement Act (Canada) ("CCAA").
KSV Restructuring Inc. was appointed as monitor in the CCAA proceedings.
Business Summary
Magna Gold Corp. is a Canada-based gold and silver production company. It is engaged in acquiring, exploring, developing and operating precious metal properties in Mexico. It is advancing its 100% owned flagship San Francisco Mine, its Margarita Silver Project and other highly prospective mineral properties located in Sonora and in Chihuahua. The San Francisco mine is situated in the north central portion of the state of Sonora, Mexico, approximately 150 kilometers (km) north of the state capital city of Hermosillo. The project covers approximately 47,395 hectares (ha). San Judas is an early-stage exploration property, located 240 km to the northwest of the state’s capital city of Hermosillo and runs along Federal Highway 16, covering a total aggregate area of 2,806 ha. The Mercedes Property consists of two contiguous claims covering an aggregate area of approximately 345 ha located approximately 250 km east-southeast along Federal Highway 16 from the state capital, Hermosillo.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
9/30/202212/31/2021Yes----

Industries
SIC Code Description
1041 Gold ores

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
President, Chief Executive Officer, Director Francisco ArturoBonillas Zepeda 1/1/2020 1/9/2018
Chief Financial Officer, Director Colin P.Sutherland 51 1/27/2021 11/23/2018
Chief Operating Officer, Director MiguelBonilla 3/31/2021 7/1/2020
8 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
Molimentales del Noroeste S.A. de C.V. Blvd. Solidaridad 335 Hermosillo Son Mexico

Business Names
Business Name
MGR
MGR.H
MGR.P
Molimentales del Noroeste S.A. de C.V.

General Information
Number of Employees: 270 (As of 12/31/2021)
Outstanding Shares: 91,760,580 (As of 9/30/2022)
Stock Exchange: NEX
Fax Number: (647) 259-1790


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Friday, October 25, 2024