/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
VANCOUVER, Jan. 16, 2012 /CNW Telbec/ - Margaux Red Capital Inc. (TSXV: MXC.P) ("Margaux") a Capital Pool
Company, is pleased to announce the closing of its initial public
offering of 2,000,000 common shares at a price of $0.10 per share for
gross proceeds of $200,000 to investors in British Columbia and Alberta
pursuant to a prospectus dated December 9, 2011 (the "Offering").
Haywood Securities Inc. acted as agent for Margaux.
Haywood Securities Inc. has been granted a non-transferable option (the
"Agent's Option") to acquire up to 150,000 common shares of Margaux at
$0.10 per share. The Agent's Option is exercisable for a period of 24
months from the day the common shares are listed on the TSX Venture
Exchange (the "Exchange"). The Agent also received a cash commission
of 7.5% of the gross proceeds of the Offering as well as a corporate
In accordance with Policy 2.4 of the Exchange, the common shares of
Margaux will commence trading on the Exchange under the ticker symbol
MXC.P at the opening of the market on January 17, 2012.
The proceeds received by Margaux from the public offering will be used
to identify and evaluate assets and businesses for the completion of a
Qualifying Transaction, as defined in the Exchange Policy 2.4.
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.
This news release does not constitute an offer to sell or a solicitation
of an offer to sell any of the securities in the United States. The
securities have not been and will not be registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities Act")
or any state securities laws and may not be offered or sold within the
United States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption
from such registration is available.
SOURCE Margaux Red Capital Inc.
For further information:
Mr. Steve Bajic
President and Chief Executive Officer