Carmax Announces a Non-Brokered Private Placement
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142 – 1146 Pacific Blvd.,
Vancouver, British Columbia V6Z 2X7 Canada
Telephone: (604) 620-7737
www.carmaxmining.com
NEWS RELEASE
TSX-V: CUX March 22, 2018
CARMAX ANNOUNCES A NON-BROKERED PRIVATE PLACEMENT
Vancouver, B.C. – March 22, 2018 – Carmax Mining Corp. (“Carmax” or the “Company”) (TSX -
Venture: CUX) is pleased to announce that it has agreed, pursuant to a price reservation form
filed with the TSX Venture Exchange , to make a non -brokered private placement of up to
18,750,000 units of Carmax at a price of $0.0 8 per unit. Each unit consists of one share and
one share purchase warrant which allows the holder to purchase one additional share of the
Company’s capital stock at a price of $0. 12 per share for each warrant held with the warrants
expiring two (2) years from the date of the closing of the private placement.
The warrants will have an early acceleration provision wherein the warrants will become callable
on 21 days’ notice in the event the Company’s shares trade at a price of $0. 25 per share or
greater for a 30 day trading period after the four month hold period expires on the securities sold
pursuant to the placement.
A finder’s fee of cash commissions of up to 6 % of the gross proceeds raised may be paid to
eligible finders.
The proceeds of the Offering of up to $1,500,000 will be used by the Company to explore and
maintain the Company’s Eaglehead property in the Dease Lake areas of the Province of British
Columbia and for general working capital.
The private placement is subject to TSX Venture Exchange approval.
About Carmax
Carmax is a Canadian company engaged in exploration for porphyry copper-gold-molybdenum
deposits in northwestern British Columbia.
For further information, please visit the website at www.carmaxmining.com to view the
Company’s profile or contact Jevin Werbes at 604-620-7737.
“Braden Jensen”
Braden Jensen, CFO
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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.
This news release does not constitute an offer to sell or a solicitatio n of an offer to sell any of the securities
described herein in the United States. The securities described in this news release have not been and will
not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or
any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless
registered under the U.S. Securities Act and applicable state securities laws or an exemption from such
registration is available. This news rel ease is not for distribution in the United States or over United States
newswires.
Cautionary Statement on Forward Looking Statement
Certain information contained in this news release, including information as to our strategy, projects, plans or future
financial or operating performance and other statements that express management’s expectations or estimates of
future performance, constitute “forward looking statements”. Actual results may differ materially from those indicated
by such statements. All stat ements, other than historical fact, included herein, including, without limitations
statements regarding future production, are forward -looking statements that involve various risks and uncertainties.
There can be no assurance that such statements will pro ve to be accurate and actual results and future events could
differ materially from those anticipated in such statements. Fo rward-looking information in this news release includes,
but is not limited to, statements about the exploration program at the Eagl ehead project; the resource estimate at the
Eaglehead project; and statements about Carmax’s strategy, future operations and prospects.
A more complete discussion of the risks and uncertainties facing Carmax is disclosed in Carmax's continuous
disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward -looking information
herein is qualified in its entirety by this cautionary statement, and Carmax disclaims any obligation to revise or update
any such forward-looking information or to publicly announce the result of any revisions to any of the forward -looking
information contained herein to reflect future results, events or developments, except as required by law.