09:47 AM EST - Magma Energy Corp. : said it has entered into a credit agreement with Ross Beaty, the company's chairman and chief executive officer. Under the agreement, the company is able to borrow up to $10 million to pay amounts coming due by the company to Geysir Green Energy ehf respecting the acquisition of shares of HS Orka hf, and to fund general working capital requirements of the company. Magma Energy Corp.
shares T.MXY are trading up $0.01 at $1.17.
