Michael Gentile Acquires Significant Stake in Magna Terra Minerals

Magna Terra Minerals Inc. announced that Michael Gentile, a notable investor in the junior mining sector, has acquired a 19.99% ownership stake through an open market purchase. Gentile's strategic investments span over 20 small-cap mining companies, marking him as a key player in the industry.

Gentile, co-founder of Bastion Asset Management, brings with him a wealth of capital markets experience. Lew Lawrick, President & CEO of Magna Terra, expressed satisfaction with Gentile's increased stake, emphasizing the investor's past support and potential to enhance the company's visibility and value.

Gentile sees Magna Terra as a promising investment, with a market cap of $2 million and significant assets, including interests in Gold Hunter Resources and agreements with Newmont.