May 19 (Reuters) - Magna Gold Corp MGR.V :
* MAGNA GOLD CORP. ANNOUNCES PRIVATE PLACEMENT OF COMMON SHARES - LEAD INVESTMENTS BY ERIC SPROTT AND TWO MINING INDUSTRY PARTICIPANTS
* MAGNA GOLD CORP - NON-BROKERED PRIVATE PLACEMENT OF UP TO 17.1 MILLION COMMON SHARES OF CO AT A PRICE OF $0.41 PER OFFERED SHARE