Green Business News: MAGMA ENERGY COMPLETES PURCHASE OF 98.5% OF ICELANDIC GEOTHERMAL COMPANY HS ORKA MAGMA ENERGY COMPLETES PURCHASE OF 98.5% OF ICELANDIC GEOTHERMAL COMPANY HS ORKA ================================================================================ newswire.ca on 03 September, 2010 06:33:00 (all amounts in USD unless stated otherwise) VANCOUVER, Sept. 3 /CNW/ - Magma Energy Corp. (TSX: MXY) announces that its wholly-owned subsidiary, Magma Energy Sweden A.B., today has closed the