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BRIEF-Margaux Resources Announces Wildsky Shareholder Approval Of Option Agreement To Acquire Cassiar Gold Project In Northern British Columbia

Published 2019-06-24, 04:14 p/m
Updated 2019-06-24, 04:20 p/m
BRIEF-Margaux Resources Announces Wildsky Shareholder Approval Of Option Agreement To Acquire Cassiar Gold Project In Northern British Columbia

June 24 (Reuters) - Margaux Resources Ltd MRL.V :

* DGAP-NEWS: MARGAUX RESOURCES ANNOUNCES WILDSKY SHAREHOLDER APPROVAL OF OPTION AGREEMENT TO ACQUIRE CASSIAR GOLD PROJECT IN NORTHERN BRITISH COLUMBIA

* MARGAUX RESOURCES-UNDER TERMS OF OPTION AGREEMENT, CO HAS OPTION TO ACQUIRE A 100% INTEREST IN CASSIAR PROPERTY BY ACQUISITION OF ALL OF COMMON SHARES

* MARGAUX RESOURCES - TO NOT BUY ANY INTEREST WHATSOEVER IN CASSIAR SHARES UNTIL SUCH TIME AS IT SATISFIED ALL REQUIREMENTS OF EXERCISE OF OPTION

* MARGAUX RESOURCES-WILL ENGAGE INDEPENDENT RESERVES EVALUATOR TO COMPLETE UPDATED 43-101 REPORT & BASED ON FINDINGS OF IT,ANTICIPATES FURTHER QA/QC WORK

* MARGAUX RESOURCES - IN ORDER TO EXERCISE OPTION, MARGAUX MUST ISSUE 58.2 MILLION COMMON SHARES IN CAPITAL OF MARGAUX ISSUED AT DEEMED PRICE OF $0.08PER SHARE

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