/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 finance fee.
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.
For further information:
Mr. Steve Bajic
President and Chief Executive Officer