Margaux Resources Announces Financing Increase and Closing of $1.11 Million 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 Financing Increase and Closing of $1.11 Million
Non-Brokered Private Placement of Flow-Through Shares and Units
CALGARY, ALBERTA -- (December 5, 2018)
Margaux Resources Ltd. (TSX VENTURE:MRL, OTCQB:MARFF) ("Margaux" or the "Company") is pleased to announce
that it received in excess of the previously announced $850,000 non-brokered private placement (see press release
dated September 20, 2018 , October 16, 2018 and October 31, 2018 ), and subject to receiving final regulatory
approvals, has increased and closed the second tranche of its non-brokered private placem ent (the “Offering”) by
issuing:
• 3,550,000 units (“Units”) of the Company at a price of $0.08; and
• 250,000 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. 10 per Flow -Through Share, for aggregate gross
proceeds of $309,000.
Gross proceeds raised under the first and second tranche of the Offering are $1.11 million.
Each Unit consists of one Common Share and one Common Share purchase warrant ("Warrant"). Each Warrant
entitles the holder to acquire one Common Share (each a “Warrant Share”) at an exercise price of $0.15 per Warrant
Share until 4:30 pm (Calgary time) on that date that is 24 months from the issuance closing date, (the “Expiry Time”)
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 Offeri ng 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.
As previously announced, the p roceeds of the Offering will be us ed to p ursue 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 and zinc exploration in the Kootenay Arc, in the southeastern region of British Columbia , and 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 in volves 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 use of proceeds of
the Offering and economic factors, business and operations strategies. Readers are cautioned that the foregoing list
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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 under takes 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