Margaux Resources Announces Non-Brokered Private Placement of Flow- Through Shares and Units
NEWS RELEASE
Margaux Resources Announces Non-Brokered Private Placement of Flow-
Through Shares and Units
CALGARY, ALBERTA -- (The Newswire – February 9, 2017)
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF
AMERICA.
Margaux Resources Ltd. (TSX VENTURE:MRL , OTCQB:MARFF ) ("Margaux" or the "Company") is pleased to
announce that, subject to regulatory approvals, it intends to issue , pursuant to a non -brokered private placement,
up to 5,000,000 units ("Units") of the Company at a price of $0.30 per Unit and up to 9,722,222 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 $0.36 per Flow -Through Share for aggregate gross proceeds of up to
$5,000,000 (the "Offering").
Each Unit consists of one Common Share and one -half of one Common Share purchase warrant ("Warrant"). Each
whole Warrant will expire 24 months from the closing date of the Offeri ng, and will entitle the holder to acquire
one Common Share of the Company at a price of $0.40 per Common Share.
Proceeds of the Offering will be used to pursue the Company’s ongoing exploration and drilling programs at its
Jersey-Emerald, Jackpot/Oxide, Sheep Creek and Bayonne properties in Salmo, BC and for general working capital .
The securities issued pursuant to the Offering are subject to a four month hold period under applicable securities
laws.
About Margaux Resources Ltd.: Margaux is a publicly traded polymetallic exploration company focused on the
exploration and development of previously producing properties in the Kootenay Arc, located in southeastern
British Columbia, including the Jackpot/Oxide, Jersey-Emerald, Sheep Cr eek and Bayonne properties, on which
Margaux has options. The Company is directed by a group of highly successful Canadian business executives with
proven track records. Margaux trades on the TSX Venture Exchange under the symbol MRL and on the OTCQB
under the symbol MARFF.
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 receipt
of required regulatory and other approvals as well as other market conditions , the Company's re asonable
commercial efforts regarding financing activities, the ability to close the Offering in the amount anticipated or at
all, 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 f orward-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