Margaux Red Capital Inc. announces Non-Brokered Private Placement of $60,000
MARGAUX RED CAPITAL INC. NEWS RELEASE #1328–885 West Georgia Street TSX Venture Exchange Vancouver, BC V6C 3E8 Trading Symbol: MXC.H
Margaux Red Capital Inc. announces Non-Brokered Private Placement of $60,000
August 10th, 2016 – Vancouver, British Columbia: Margaux Red Capital Inc. (the “Company”) announces a non-brokered private placement consisting of 1,000,000 shares at a price of $0.06 per share for gross proceeds of $60,000.
The gross proceeds from the private placement will be used by the Company for general working capital purposes as it works to complete a Qualifying Transaction as per 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 Company’s control which may cause actual results, performance or achievements of the Company 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) 288-8950
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