Margaux Resources Announces Closing of Non-Brokered Private Placement of Flow-Through Units and Units and issuance of Promissory Note
NOT FOR DISSEMINATION IN THE UNITED STATES
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NEWS RELEASE
Margaux Resources Announces Closing of Non-Brokered Private Placement of
Flow-Through Units and Units and issuance of Promissory Note
CALGARY, ALBERTA -- (April 15, 2019)
Margaux Resources Ltd. (TSX VENTURE:MRL, OTCQB:MARFF) ("Margaux" or the "Company") is pleased to announce
the issuances of:
• 2,375,000 units (“Units”) of the Company at a price of $0.08; and
• 3,000,000 flow-through units (“Flow-Through Units”) at a price of $0.10 per Flow-Through Unit
• a $210,000 principal sum unsecured promissory note (the “Note”), for aggregate gross proceeds of
$700,000.
Units and Flow-Through Units
The previously announced non- brokered private placement (the “Offering”) is subject to receiving final regulatory
approvals.
Each Unit consists of one common share in the capital of the Company ("Common Share") and one Common Share
purchase warrant ("Warrant"). Each Flow-Through Unit consists of one Common Share issued on a "CEE flow-
through" basis pursuant to the Income Tax Act (Canada) and one-half of one Warrant. Each Warrant will entitle the
holder to acquire one Common Share (each a "Warrant Share") at an exercise price of $0.12 per Warrant Share
until 4:30 pm (Mountain Standard time) on that date that is 24 months from the issuance closing date, subject to
accelerated expiry, if the 20-day Volume Weighted Average Price of the Common Shares on the TSX Venture
Exchange exceeds $0.20 per share.
The securities issued pursuant to the Offering are subject to a four month hold period under applicable securities
laws.
Note
The Company issued a $210,000 Note to an arm’s length third party. Pursuant to the Note, the Company promises
to pay the $210,000 on demand and to pay interest on the principal sum at a rate of six percent (6%) per annum.
The aggregate gross proceeds of $700,000 raised pursuant to the Offering and the Note will be used to pursue the
Company’s ongoing exploration and drilling programs and for general working capital.
About Margaux Resources Ltd.
Margaux Resources Ltd. (TSX.V: MRL, OTCQB: MARFF) is a mineral acquisition and exploration company focused on
gold exploration in British Columbia, and is directed by a group of highly successful Canadian business executives.
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 invo lves 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
NOT FOR DISSEMINATION IN THE UNITED STATES
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of Margaux and its management. In particular, this news r elease contains forward-looking statements pertaining,
directly or indirectly, to the following: Margaux's exploration plans and work commitments, 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