03:35 PM EST - Magma Energy Corp. : closed its previously announced public offering of common shares. Following the offering, the company issued 40.33 million common shares at a price of $1.12 per share. This includes 4.62 million common shares issued upon partial exercise of the underwriters' over-allotment option, for aggregate gross proceeds of $45.17 million and total proceeds, net of underwriting fees, of $43.31 million. Magma Energy Corp.
shares T.MXY are trading up $0.02 at $1.14.
