Maple Gold Mines Ltd. announced a non-brokered private placement of Up to 4,117,647 charity flow-through units at CAD 0.85 per unit for gross proceeds of CAD 3,499,999.95 and Up to 2,500,000 non-flow-through units at CAD 0.60 per unit for gross proceeds of CAD 1,500,000 for total gross aggregate gross proceeds of CAD 4,999,999.95 on August 20, 2025. The transaction includes participation from strategic investor Michael Gentile and Agnico Eagle Mines Limited ("Agnico Eagle"). On a post-Consolidation basis, each FT Unit will consist of one Share e issued on a ?flow-through basis?
and one Share purchase warrant issued on a non-flow-through basis and each NFT Unit will consist of one Share and one Warrant. Each Warrant will entitle the holder to purchase, for a period of 36 months from the date of issue, one additional Post-Consolidation Share at an exercise price of CAD 0.85 per Post-Consolidation Share. The expiry date of the Warrants will be subject to acceleration such that, should the closing price of the Post Consolidation Shares on any Canadian stock exchange equal or exceed CAD 2.50 for 20 consecutive trading days.
The Offering is expected to close on or about September 8, 2025, or such other date as the Company may determine and is subject to certain conditions including, but not limited to, the completion of formal documentation and receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange ("TSXV"). All securities issued under the Offering are subject to a hold period of four months and one day from the closing date of the Offering, in accordance with the rules and policies of the TSXV and applicable Canadian securities laws. Certain investors have verbally agreed to enter into lock-up agreements for a 12-month hold period from the closing date of the Offering.
In connection with the Offering, the Company may pay cash finder?s fees to eligible arm?s length parties. The Offering remains subject to the final acceptance of the TSXV.
