Margaux Resources Announces Shareholder Meeting Results, Including Approval of Name Change and Consolidation And Acquisition of Cassiar Gold
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NEWS RELEASE
Margaux Resources Announces Shareholder Meeting Results, Including
Approval of Name Change and Consolidation And Acquisition of Cassiar Gold
CALGARY, ALBERTA -- (September 23, 2020)
Margaux Resources Ltd. (TSX VENTURE:MRL, OTCQB:MARFF) ("Margaux" or the "Company") is pleased to
announce that at the annual and special meeting of its shareholders held today, each item of business placed
before the shareholders was approved, including: (i) the election of each of Messrs. Marco Roque, Stephen Letwin,
Christopher Stewart, James Letwin, Wenhong Jin and Michael Wood as directors of the Company; (ii) the
appointment of MNP LLP as auditors of the Company; (iii) confirmation of the Company's rolling share option plan;
(iv) the consolidation of the common shares of the Company (the "Common Shares") on the basis of one post-
consolidation Common Share for every five pre-consolidation Common Shares; and (v) the change of the name of
the Company to "Cassiar Gold Corp."
For more information regarding the name change and consolidation, please refer to the Company's press release
dated September 9, 2020. The Company intends to effect the name change and consolidation prior to the
commencement of the trading of the Common Shares on the TSXV under the new trading symbol "GLDC" on a
post-consolidation and name change basis, which will be confirmed by TSXV bulletin. The Company currently
expects that the Common Shares will commence trading under the new symbol and on a post-consolidation and
name change basis on or about September 25, 2020.
Acquisition of Cassiar Gold
The Company is also pleased to announce that it has provided notice to Wildsky Resources Inc. ("Wildsky") of its
intention to complete the previously announced option (the "Option") to purchase Cassiar Gold Corp. ("Old
Cassiar"). In connection with the exercise of the Option, the Company will issue 4,656,000 post-consolidation
Common Shares (23,280,000 pre-consolidation Common Shares) to Wildsky. In connection with the exercise of the
Option and the name change, Old Cassiar will change its name to "Cassiar Gold (2020) Corp.", and the issued and
outstanding common shares of Old Cassiar will be transferred to the Company. For further details on the option
agreement, please see the Company's press releases dated January 21, 2019 and November 13, 2019.
About Margaux Resources Ltd.
Margaux Resources Ltd. (TSX.V: MRL, OTCQB: MARFF) is a Canadian gold exploration company focused on
exploration in British Columbia, and is directed by a group of highly successful 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 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: the timing for effecting the name change and consolidation, the
timing for the Common Shares to begin trading under the new symbol on a post-consolidated basis, the timing for
completion of the exercise of the Option and other factors. Although Margaux believes that the expectations
reflected in these forward-looking statements are reasonably, undue reliance should not be placed on them
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because Margaux can give no assurance that they will prove to be correct. 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 referenced by 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.
Marco Roque
CEO and a Director
+852 6691 6295