July 20 (Reuters) - Magnolia Resources Ltd MGB.AX :
* Whole new home transaction receives shareholder approval;$7M secured in funding commitments
* Says acquisition on track to complete during August 2015
* Says wnh positioned for full-scale platform launch and commercialisation in Q3 2015
* Company is finalising the advance of a loan to pdt for $750,000 as agreed under the share sale agreement
* These funds will be used by pdt to continue the acceleration of business development whilst the transaction is completing.
* Says is targeting over 500,000 products to be rolled out by 2016
* Says the transaction is expected to complete during August 2015
* Source text (http://bit.ly/1fWG3qp)