Margaux Resources Ltd.

  • ISIN: CA56660Q2045
  • Land: .

Nachricht vom 15.08.2018 | 23:55

Margaux Resources Announces Closing of First Tranche of Non-Brokered Private Placement of Flow-Through Shares and Units

DGAP-News: Margaux Resources Ltd. / Key word(s): Miscellaneous

15.08.2018 / 23:55
The issuer is solely responsible for the content of this announcement.


Calgary, Alberta--(Newsfile Corp. - August 15, 2018) - Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) ('Margaux' or the 'Company') is pleased to announce that further to its press release dated July 23, 2018 and subject to receiving final regulatory approvals, it has closed the first tranche of its previously announced non-brokered private placement (the 'Offering') by issuing:

  • 1,486,020 common shares ('Common Shares') of the Company issued on a 'CEE flow-through' basis pursuant to the Income Tax Act (Canada) ('Flow-Through Shares') at a price of $0.23 per Flow-Through Share, for gross proceeds of $341,784.

Proceeds of the Offering will be used to pursue the Company's ongoing exploration and drilling programs and for general working capital. The securities issued pursuant to the Offering are subject to a four month hold period under applicable securities laws. In connection with the Offering, certain finders may receive a cash fee and/or non-transferable finder Warrants.

About Margaux Resources Ltd.

Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) is a mineral acquisition and exploration Company focused on the development of gold, zinc and tungsten deposits in the Kootenay Arc, in the southeastern region of British Columbia. The Company is directed by a group of highly successful Canadian business executives and is focused on exploration of the Company's Kootenay Arc Zinc District, and Sheep Creek Gold District.

Forward Looking Statements

This press release may contain forward looking statements including those describing Margaux's future plans and the expectations of management that a stated result or condition will occur. Any statement addressing future events or conditions necessarily involves inherent risk and uncertainty. Actual results can differ materially from those anticipated by management at the time of writing due to many factors, the majority of which are beyond the control of Margaux and its management. In particular, this news release contains forward-looking statements pertaining, directly or indirectly, to the following: Margaux's exploration plans and work commitments, the ability to close the Offering in the amount anticipated or at all, the use of proceeds of the Offering and economic factors, business and operations strategies. Readers are cautioned that the foregoing list of risk factors should not be construed as exhaustive. These statements speak only as of the date of this release or as of the date specified in the documents accompanying this release, as the case may be. The Company undertakes no obligation to publicly update or revise any forward-looking statements except as expressly required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION

Margaux Resources Ltd.
Tyler Rice
President, CEO and a Director
(403) 537-5590
Tyler@margauxresources.com

NOT FOR DISSEMINATION IN THE UNITED STATES

Click on, or paste the following link into your web browser, to view the associated documents http://www.newsfilecorp.com/release/38123


15.08.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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