Margaux Red Capital Inc. announces a Non-Brokered Private Placement of a maximum of $100,000.00
#1328–885 West Georgia Street Vancouver, BC V6C 3E8
NEWS RELEASE TSX Venture Exchange Trading Symbol: MXC.H
Margaux Red Capital Inc. announces a Non-Brokered Private Placement of a maximum of $100,000.00
May 26, 2016 – Vancouver, British Columbia: Margaux Red Capital Inc. (the “Corporation”) hereby announces its intention to close on or about June 15, 2016 a non-brokered private placement consisting of a maximum of 1,000,000 units at a price of $0.10 per unit, for gross proceeds up to $100,000.00. Each unit consists of one common share in the share capital of the Corporation.
The gross proceeds from the private placement will be used by the Corporation for general working capital purposes and having sufficient funds to complete a Qualifying Transaction as of Policy 2.4 of the TSX-V Exchange (the “Exchange”).
All securities issued pursuant to the offering will be subject to a hold period of four months from the date of closing. The private placement is subject to regulatory approval, including that of the Exchange.
Forward looking Statement
This document contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the Corporation’s control which may cause actual results, performance or achievements of the Corporation to be materially different from the results, performance or expectation implied by these forward looking statements.
Neither 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.
For further information, please contact Steve Bajic, President at:
Telephone: (604) 288-8950