Carmax Closes 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 29, 2018
CARMAX CLOSES A NON-BROKERED PRIVATE PLACEMENT
Vancouver, B.C. – March 29, 2018 – Carmax Mining Corp. (“Carmax” or the “Company”) (TSX-
Venture: CUX) is pleased to announce that it has today closed the non-brokered private
placement of units announced in its news releases of March 22, 2018 for gross proceeds of
CDN$1,500,000.
The non-brokered private placement consisted of the placement of 18,750,000 units at a price
of $0.08 per unit. Each unit consisted of one common share of the Company a nd one
transferable share purchase warrant with one full warrant entitling the holder to purchase one
additional common share of the Company at a price of $0. 12 for a period of two (2) years
following the date of closing. The term of the warrant is subject to an early acceleration
provision wherein the warrant will become callable on 21 days’ notice if 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 attached to the units sold expires. In the event the shares trade at the threshold
price, the Company may give the Placees notice to exercise the warrants within 21 days after
notice is given failing which the warrants will thereafter expire.
As compensation for the placement of t he units, Carmax will pay cash finder’s fees of
$48,047.88 calculated at 6% of the amount placed by three finders.
All securities issued by Carmax pursuant to the offering have been issued subject to a four
month hold period expiring July 30, 2018.
The private placement is subject to TSX Venture Exchange final 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 solicitation 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 release 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 statements, 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 prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements. Forward-looking information in this news release includes,
but is not limited to, statements about the exploration program at the Eaglehead 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.