Margaux Red Capital Inc. announces a repricing of its Non-Brokered Private Placement of a maximum of $300,000.00
#918 – 1030 West Georgia Street Vancouver, BC V6E 2Y3
NEWS RELEASE TSX Venture Exchange Trading Symbol: MXC.H
Margaux Red Capital Inc. announces a repricing of its Non-Brokered Private Placement of a maximum of $300,000.00
August 21th, 2014 – Vancouver, British Columbia: Following the previous news release dated August 19th, 2014 announcing Margaux Red Capital Inc.’s (the “Corporation”) intention to close a non-brokered private placement consisting of a maximum of 6,000,000 units at a price of $0.05 per unit, for gross proceeds up to $300,000.00, the Corporation announces hereby that it had to change the price per share following a decision from the TSX-V Exchange (the “Exchange”).
The non-brokered private placement consists now of a maximum of 1,200,000 units at a price of $0.25 per unit, for gross proceeds up to $300,000. Each unit consists of one common share in the share capital of the Corporation.
The gross proceeds from the private placement will be used by the Corporation for general working capital purposes and having sufficient funds to complete a Qualifying Transaction as of Policy 2.4 of the TSX-V Exchange (the “Exchange”).
All securities issued pursuant to the offering will be subject to a hold period of four months from the date of closing. The private placement is subject to regulatory approval, including that of the Exchange.
Forward looking Statement
This document contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the Corporation’s control which may cause actual results, performance or achievements of the Corporation to be materially different from the results, performance or expectation implied by these forward looking statements.
Neither 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.
For further information, please contact Steve Bajic, President at:
Telephone: (604) 628-5614
Facsimile: (604) 662-7950