Margaux Resources Announces Non-Brokered Private Placement of Units
NOT FOR DISSEMINATION IN THE UNITED STATES
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NEWS RELEASE
Margaux Resources Announces Non-Brokered Private Placement of Units
CALGARY, ALBERTA -- (March 5, 2020)
Margaux Resources Ltd. (TSX VENTURE:MRL, OTCQB:MARFF) ("Margaux" or the "Company") is pleased to announce
that subject to TSX Venture Exchange ("TSXV") approval, it intends to issue, pursuant to a non-brokered private
placement, up to 14,285,714 units (“Units”) of the Company at a price of $0.07 per Unit for gross proceeds of up to
$1,000,000 (the "Offering").
Each Unit will consist of one common share in the capital of the Company ("Common Share") and one Common
Share purchase warrant ("Common Warrant"). Each Common 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 closing date of the Offering, subject to accelerated expiry, if
the 20-day volume weighted average price of the Common Shares on the TSXV exceeds $0.20 per Common Share.
Closing of the Offering is expected to occur on or before March 31, 2020.
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 will be 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. is a junior exploration company with two district-scale assets in the eastern Cordilleran gold
belt, Canada. The Cassiar Property in northernmost British Columbia is the Company’s flagship property, with a
decades-long mining history and a recently announced near-surface 1 Moz gold inferred resource (MRL press release
11 Sep. 2019). The Company’s Sheep Creek Property in southernmost British Columbia comprises gold and base
metal prospects in an area with a long history of exploration and mining.
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, market conditions and
the Company's reasonable commercial efforts regarding financing activities, 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.
NOT FOR DISSEMINATION IN THE UNITED STATES
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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.
CONTACT INFORMATION
Margaux Resources Ltd.
Tyler Rice
President, CEO and a Director
(403) 537-5590