Cassiar Gold Announces Increase in Private Placement to $6 Million
Calgary, Alberta--(Newsfile Corp. - October 8, 2020) - Cassiar Gold Corp. (TSXV: GLDC) (OTCQB: MARFD) ("Cassiar" or the "Company") is pleased to announce that due to strong investor demand it has increased the size of its private placement previously announced on September 30, 2020. Cassiar now proposes to sell up to $1.5 million in units ("Units") at a price of C$0.60 per Unit and $4.5 million flow-through units on a "CEE flow-though" basis ("Flow-Through Units") sold to traditional...
2020-10-08 8:45 AM EDT
Cassiar Gold Announces up to $5.0 Million Non-Brokered Private Placement of Units and Flow-Through Units
Calgary, Alberta--(Newsfile Corp. - September 30, 2020) - Cassiar Gold Corp. (TSXV: GLDC) (OTCQB: MARFF) ("Cassiar" or the "Company") is pleased to announce that subject to TSX Venture Exchange ("TSXV") approval, the Company intends to sell a minimum of C$1.0 million in units ("Units") at a price of C$0.60 per Unit with the remaining balance to be comprised of the sale of flow-through units on a "CEE flow-though" basis ("Flow-Through Units") sold to traditional buyers at a price of...
2020-09-30 8:45 AM EDT
Margaux Resources Announces Shareholder Meeting Results, Including Approval of Name Change and Consolidation and Acquisition of Cassiar Gold
Calgary, Alberta--(Newsfile Corp. - September 23, 2020) - Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) ("Margaux" or the "Company") is pleased to announce that at the annual and special meeting of its shareholders held today, each item of business placed before the shareholders was approved, including: (i) the election of each of Messrs. Marco Roque, Stephen Letwin, Christopher Stewart, James Letwin, Wenhong Jin and Michael Wood as directors of the Company; (ii) the appointment of MNP LLP as auditors of...
2020-09-23 3:45 PM EDT
Margaux Announces Proposed Name Change and Share Consolidation
Calgary, Alberta--(Newsfile Corp. - September 9, 2020) - Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) ("Margaux" or the "Company") announces that shareholders will be asked at the Company's upcoming annual and special shareholder meeting scheduled for September 23, 2020 (the "Meeting") to approve a change of the name of the Company to "Cassiar Gold Corp." (the "Name Change"). The Company is also proposing to consolidate its issued and outstanding common shares (the "Common Shares") on the basis of one (1)...
2020-09-09 2:00 PM EDT
Margaux Resources Announces Notice of Annual General Meeting, Grant of Stock Options and Retention of Investor Relations Firm
Calgary, Alberta--(Newsfile Corp. - August 28, 2020) - Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) ("Margaux" or the "Company") is pleased to advise that the following documents have been sent to shareholders:2020 Notice of Annual General MeetingProxy Annual Report 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.comOPTION ISSUANCEThe Company has granted an aggregate of 5,900,000 Common Share purchase options...
2020-08-28 8:55 AM EDT
Margaux Resources Ltd. Announces 2020 Drill Program at Cassiar Gold Project and Strengthens Advisory Committee
Calgary, Alberta--(Newsfile Corp. - August 11, 2020) - Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) ("Margaux" or the "Company") is pleased to announce the commencement of its 2020 exploration program at the Cassiar Gold Project in northern British Columbia. Crews were initially mobilized on May 20 for a three-week campaign to prepare camp and road access and to collect environmental data. Approvals and permits are now in place to operate the exploration camp during the field program. The exploration team...
2020-08-11 8:50 AM EDT
Margaux Resources Announces Closing of Non-Brokered Private Placement of Units and Flow-Through Units and Amendment to Bayonne and Sheep Creek Option Agreement
Calgary, Alberta--(Newsfile Corp. - July 13, 2020) - Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) ("Margaux" or the "Company") is pleased to announce that further to its press release dated June 19, 2020 and June 24, 2020, and subject to receiving final regulatory approvals, it has closed its non-brokered private placement (the "Offering") by issuing:49,999,993 units ("Units") of the Company at a price of $0.07; and11,111,109 flow-through units ("Flow-Through Units") at a price of $0.09 per Flow-Through Unit.Gross proceeds...
2020-07-13 8:45 AM EDT
Margaux Resources Ltd. Announces Executive and Board Changes
Calgary, Alberta--(Newsfile Corp. - June 26, 2020) - Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) ("Margaux" or the "Company") is pleased to announce the appointment of Marco Roque as its new Chief Executive Officer, effective immediately. Mr. Roque will join the MRL Board as a Director of the Company effective July 1, 2020. Marco Roque brings to the position a wealth of knowledge and an array of experiences in company development and global capital markets.Mr. Roque started his career...
2020-06-26 9:06 AM EDT
Margaux Resources Ltd. Announces Increase of Private Placement and Update to the 2020 Drill Program
Calgary, Alberta--(Newsfile Corp. - June 24, 2020) - Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) ("Margaux" or the "Company") is pleased to announce the following:Increase in previously announced financingWarrant acceleration clause amendmentUpdate on 2020 Drill ProgramFINANCINGThe Company has increased its previously announced private placement financing (see new release dated June 19, 2020) from 22,857,143 units of the Company ("Units") to 50,000,000 Units at a price of $0.07 per Unit.The Company also announces that it has updated the terms of the...
2020-06-24 9:26 AM EDT
Margaux Resources Announces Non-Brokered Private Placement of Units and Flow-Through Units
Calgary, Alberta--(Newsfile Corp. - June 19, 2020) - Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) ("Margaux" or the "Company") is pleased to announce that subject to TSX Venture Exchange ("TSXV") approval, it intends to issue, pursuant to a non-brokered private placement, up to 22,857,143 units ("Units") of the Company at a price of $0.07 per Unit and 11,111,111 flow-through units on a "CEE flow-through" basis ("Flow-Through Units") at a price of $0.09 per Flow-Through Unit, pursuant to the...
2020-06-19 1:40 PM EDT
Margaux Resources Announces Closing of Non-Brokered Private Placement of Units and Appointment of New Director
Calgary, Alberta--(Newsfile Corp. - May 20, 2020) - Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) ("Margaux" or the "Company") is pleased to announce that further to its press release dated March 5, 2020 and April 28, 2020, and subject to receiving final regulatory approvals, it has closed the second tranche of its non-brokered private placement (the "Offering") by issuing 357,000 units ("Units") of the Company at a price of $0.07 for aggregate proceeds of $24,990.Gross proceeds raised under the...
2020-05-20 8:55 AM EDT
Margaux Resources Announces Collaboration with GoldSpot Discoveries and Spring Work Program on Cassiar Gold Project
Calgary, Alberta--(Newsfile Corp. - May 4, 2020) - Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) ("Margaux" or the "Company") is pleased to announce that it has engaged GoldSpot Discoveries Corp. ("GoldSpot") to identify and assess targets at Margaux's Cassiar Gold Project in northern British Columbia. This will be done by leveraging extensive geoscience data that has been collected through the multi-decade exploration and production history of the Project, using GoldSpot's in-house collaborative expertise, machine learning, and other techniques.GoldSpot will examine...
2020-05-04 8:45 AM EDT
Margaux Resources Announces Closing of First Tranche of Non-Brokered Private Placement of Units
Calgary, Alberta--(Newsfile Corp. - April 28, 2020) - Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) ("Margaux" or the "Company") is pleased to announce that further to its press release dated March 5, 2020, and subject to receiving final regulatory approvals, it has closed the first tranche of its non-brokered private placement (the "Offering") by issuing 3,571,500 units ("Units") of the Company at a price of $0.07 for aggregate proceeds of $250,005.Each Unit consists of one common share in...
2020-04-28 8:45 AM EDT
Margaux Resources Announces Non-Brokered Private Placement of Units
Calgary, Alberta--(Newsfile Corp. - March 5, 2020) - Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) ("Margaux" or the "Company") is pleased to announce that subject to TSX Venture Exchange ("TSXV") approval, it intends to issue, pursuant to a non-brokered private placement, up to 14,285,714 units ("Units") of the Company at a price of $0.07 per Unit for gross proceeds of up to $1,000,000 (the "Offering").Each Unit will consist of one common share in the capital of the Company...
2020-03-05 8:45 AM EST
Margaux Resources Ltd. Announces Stephen JJ Letwin as Director
Calgary, Alberta--(Newsfile Corp. - February 11, 2020) - Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) ("Margaux" or the "Company") is pleased to announce the appointment of Mr. Stephen J.J. Letwin to the Company's Board of Directors effective March 2, 2020.Mr. Letwin, who has been a member of Margaux's Advisory Committee since November 2016, is looking forward to taking on the Director role. "I am excited about joining the Margaux Resources Board because I am a very strong believer in the...
2020-02-11 8:45 AM EST
Margaux Resources announces results of 2019 exploration program at Cassiar Gold Property
Drill core resampling confirms bulk tonnage target potential at Backyard prospectRock grab samples return multi-ounce assay results at Taurus and LuckyNew data supplements ongoing compilation work for drill target generation at Cassiar Calgary, Alberta--(Newsfile Corp. - February 4, 2020) - Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) ("Margaux" or the "Company") is pleased to share analytical results from the 2019 field season at its Cassiar Gold Property in northern British Columbia. The 2019 exploration program was an efficient and...
2020-02-04 8:45 AM EST
Margaux Resources Ltd. Terminates its Jackpot and Old Timer Option Agreements
Calgary, Alberta--(Newsfile Corp. - January 24, 2020) - Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) ("Margaux" or the "Company") has elected to terminate the option agreements on the Jackpot and Old Timer properties in southern British Columbia.Margaux entered into an option agreement with a third party in 2016 giving the Company the exclusive option to acquire the Jackpot Property by making payments to the third party of an aggregate $340,000 cash and aggregate issuance of 500,000 shares, paid in several...
2020-01-24 4:15 PM EST
Margaux Resources Ltd. Implements Technical Database, Continues Compilation and Targeting Work on Cassiar Gold Property and Retains Market Maker
1MM oz gold Inferred Resource at 0.7 g/t Au cut-off for past-producing Taurus PropertyCalgary, Alberta--(Newsfile Corp. - January 3, 2020) - Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) ("Margaux" or the "Company") recently filed a National Instrument 43-101 Technical Report to support its maiden mineral resource estimate for the Taurus Deposit on the Cassiar Gold property (the "Cassiar Property") in British Columbia, Canada (see Margaux press release November 13, 2019). Details of the 1 MM oz gold inferred resource at...
2020-01-03 5:08 PM EST
Margaux Resources Announces Closing of Non-Brokered Private Placement of Flow-Through Units and Units and Changes to Management
Calgary, Alberta--(Newsfile Corp. - December 20, 2019) - Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) ("Margaux" or the "Company") is pleased to announce that further to its press release dated October 7, 2019, and subject to receiving TSX Venture Exchange ("TSXV") approval, it has closed its non-brokered private placement (the "Offering") by issuing:555,555 units ("Units") of the Company at a price of $0.09; and 5,410,000 flow-through units ("Flow-Through Units") at a price of $0.10 per Flow-Through Unit.The Flow-Through Units were...
2019-12-20 4:05 PM EST
Margaux Resources Ltd. Announces Final Approval of Cassiar Option Agreement and issuance of Promissory Note
Calgary, Alberta--(Newsfile Corp. - November 13, 2019) - Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) ("Margaux" or the "Company") is pleased to announce that it has received final approval from the TSX Venture Exchange ("TSXV") for its previously announced option agreement (the "Option Agreement") with Wildsky Resources Inc. ("Wildsky"). The Option Agreement provides Margaux with the option to acquire a 100% interest in the Cassiar Gold Project (the "Property") in northern British Columbia. In addition, the TSXV has accepted...
2019-11-13 4:40 PM EST