Feb 11 (Reuters) - Magna Gold Corp MGRp.V :
* MAGNA GOLD CORP. PROVIDES UPDATE TO PROPOSED QUALIFYING TRANSACTION AND ANNOUNCES CONCURRENT FINANCING
* MAGNA GOLD CORP - PROPOSED NON-BROKERED CONCURRENT FINANCING FOR PROCEEDS OF UPTO CAD$3.2 MILLION SOLD A PRICE OF CAD $0.32 PER COMMON SHARE