Business
Margaux Red Capital Inc. and Sigma Lithium Resources Inc. Announce Commencement of Trading of Margaux Shares on TSXV
Margaux Red Capital Inc. and Sigma Lithium Resources Inc. Announce Commencement of Trading...
About this update from Sigma Lithium Corporation
[{"type":"text","content":"\n\n\n\nMargaux Red Capital Inc. and Sigma Lithium Resources Inc. Announce Commencement of Trading of Margaux Shares on TSXV\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, May 9, 2018\n\n\n\nVANCOUVER, May 9, 2018 /CNW/ - Margaux Red Capital Inc. (TSXV-SGMA) (\"Margaux\") and Sigma Lithium Resources Inc. (\"Sigma\") are pleased to announce that the TSX Venture Exchange (the \"TSXV\") has issued its final exchange bulletin for the previously announced Qualifying Transaction for Margaux (the \"Transaction\").  The common shares of Margaux resumed trading on the TSXV on Wednesday, May 9, 2018 under the new ticker symbol \"SGMA\" (formerly NEX-MXC.H).\n\n\"We are excited to start trading on the TSX Venture Exchange, representing a milestone for Sigma following the four years of exploring and mapping which has resulted in the recent filing of our technical report which estimates significant high grade, hard rock lithium deposits and the potential for significant expansion at our project in Brazil,\" says Chief Executive Officer, Calvyn Gardner.  \"We now have the proceeds to conduct feasibility tests as a result of our $20 million financing completed as part of the Qualifying Transaction and to move forward with our pilot plant ahead of production currently targeted for 2019,\" Mr. Gardner adds.\n\nIt is expected that shareholder approval will be sought at the upcoming annual meeting of Margaux's shareholders to be held on or about June 18, 2018 to, among other things, change Margaux's name to \"Sigma Lithium Resources Inc.\" and to undertake a consolidation of the outstanding common shares of Margaux.\n\nFull details of the Transaction and the business of Sigma are contained in the filing statement for the Transaction dated April 25, 2018 which is available under Margaux's profile on SEDAR at www.sedar.com.\n\nOther than as described herein, the TSXV has in no way passed upon the merits of the Transaction and has neither approved nor disapproved the contents of this news release.\n\nNeither the TSXV nor its Regulation Services Provide...