Margaux Red Capital Inc. closes Non-Brokered Private Placement of $97,500
MARGAUX RED CAPITAL INC. NEWS RELEASE
#1740–1177 West Hastings Street TSX Venture Exchange
Vancouver, BC V6C 3E8 Trading Symbol: MXC.H
Margaux Red Capital Inc. closes
Non-Brokered Private Placement of $97,500
April 12, 2017 – Vancouver, British Columbia: Margaux Re d Capital Inc. (the “Company”)
announces it has closed a non- brokered private placement consisting of 1,500,000 sha res at a
price of $0.065 per share for gross proceeds of $97,500 (the “Private Placement”). The Company
will use the gross proceeds from the P rivate Placement 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 Private Placement are subject to a hold period
of four-months from closing.
An insider of the Company acquired a total of 200,000 common shares in the Private Placement
(the "Insider Participation"). The Insider Participation is exempt from the valuation and minority
shareholder approval requirements of Multilateral Instrument 61 -101 ("MI 61-101") by virtue of
the exemptions contained in Sections 5.5(a) and 5.7(1)(a) of MI 61 -101 based on that the fair
market value of such Insider Participation did not exceed 25% of the Company's market
capitalization.
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 fr om 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