Margaux Resources Ltd. (TSX VENTURE:MRL, OTCQB:MARFF) (“Margaux” or the “Company”) is pleased to advise that the following documents have been dispatched to shareholders:
- 2020 Notice of Annual General Meeting
- Shareholder proxy for shares traded on the TSXV
- Annual Report (to those shareholders who have requested it)
The Notice of General Meeting and the sample Proxy Forms have been filed on Sedar under the Company’s profile and will be available on the Company’s website at www.margauxresources.com
OPTION ISSUANCE
The Company has granted an aggregate of 5,900,000 Common Share purchase options in accordance with the Company’s shareholder approved stock option plan. These stock options include 2,950,000 options to directors, being Messrs. James Letwin, Christopher Stewart, Wenhong Jin and Stephen Letwin; 1,100,000 to officers, being Messrs. Marco Roque, Tyler Rice, Don Nguyen and Kaesy Gladwin, 400,000 to the advisory committee; 300,000 to Investor Relations and the balance to consultants.
The stock options are exercisable at a price of $0.15 per share and expire in five years. The options will vest over a period of three years, with ⅓ of the options vesting immediately, and ⅓ vesting at the end of each the first and second anniversary of the date of grant.
RETENTION OF INVESTOR RELATIONS
The Company also wishes to announce that it has retained the services of Vancouver based Mars Investor Relations Corp. (“Mars”), a full-service investor relations and consulting services company focused on the junior mining sector. Under the terms of the engagement agreement (The “Agreement”) Margaux will compensate Mars $144,000 for the 12-month initial term of the Agreement and will grant Mars stock options (the “Options”) exercisable to acquire an aggregate of 300,000 common shares. In addition, Mars and or its affiliates currently hold 10,229,637 securities of the Company, however Mars may from time to time acquire or dispose of securities of the Company through the market, privately or otherwise, as circumstances or market conditions warrant. Mars is at arm’s length to Margaux and has no other relationship with the Company, except pursuant to the Agreement.
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: Margaux’s exploration plans and work commitments, the use of proceeds of the Offering and economic factors, TSXV approval 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.
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
marco@margauxresources.com
