Margaux Resources Ltd.
TSX VENTURE : MRL

Margaux Resources Ltd.

August 05, 2016 15:12 ET

Margaux Resources Issues Stock Options

CALGARY, ALBERTA--(Marketwired - Aug. 5, 2016) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.

Margaux Resources Ltd. (TSX VENTURE:MRL) ("Margaux" or the "Company") announced that it has issued 450,000 stock options to directors, officers, employees and consultants of the Company in accordance with the Company's shareholder approved stock option plan. The stock options are exercisable at a price of $0.245 per share, expire in five years, and vest over a period of three years, with 1/3 of the Options vesting immediately, and 1/3 vesting at the end of each the first and second anniversary of the date of grant.

Margaux Resources Ltd.: Margaux is a publicly traded mineral exploration company based in Calgary, Alberta. The Company has an option on the previously producing Jersey Emerald tungsten-zinc mine, located in southeastern British Columbia.

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