Maple Gold Mines (TSXV:MGM:CA) intends to raise about C$5 million pursuant to a non-brokered private placement with a lead order from strategic investor Michael Gentile.
The offering will consist of, on a post-consolidation basis, the issuance of up to 4.12M charity flow-through units of the company at a price of C$0.85 per FT unit and the issuance of up to 2.50M non-flow-through units of the company at a price of C$0.60 per NFT unit.
The offering is expected to close on or about September 8, 2025.
In addition, pursuant to an investor rights agreement between the company and Agnico Eagle Mines Limited (NYSE:AEM), Agnico Eagle has indicated that it intends to participate in the offering to maintain its pro rata ownership interest in the company.
The company also intends to complete the consolidation of the common shares of the company on a 10 to one 1 basis with an expected effective date of September 8, 2025.
