Margaux Resources Announces Closing of First Tranche of Non-Brokered Private Placement of Flow-Through Shares and Units
NOT FOR DISSEMINATION IN THE UNITED STATES
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NEWS RELEASE
Margaux Resources Announces Closing of First Tranche of Non-Brokered Private
Placement of Flow-Through Shares and Units
CALGARY, ALBERTA -- (August 15, 2018)
Margaux Resources Ltd. (TSX VENTURE: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. (TSX.V: 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 exec utives 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