Margaux Resources Ltd. (TSXV: MRL) commenced a non-brokered private placement offering for up to $750,000.
The corporation will issue up to some 9.4 million common shares to exempt buyers on a private placement basis at $0.08 per share.
Proceeds will be used to further the operations and for general working capital purposes. The private placement is expected to close in one or more closings on or before Nov. 7.
The securities issued pursuant to the private placement will be subject to a four-month hold period from the applicable closing date. ...