On November 14, 2024, Maple Gold Mines Ltd. (the “Company”) closed a private placement offering of (i) 32,695,384 non-flow-through units of the Company (“NFT Units”) at a price of $0.065 per unit, and (ii) 35,935,000 flow-through common shares of the Company at a price of $0.08 per share (collectively, the “Offering”), for gross proceeds of $5,000,000. Each NFT Unit consists of one common share and one-half of one common share purchase warrant of the Company (each whole common share purchase warrant, a “Warrant”). Each Warrant is exercisable into one non-flow-through common share of the Company until November 14, 2027 at an exercise price of $0.10. The Offering was completed pursuant to Part 5A of National Instrument 45-106 - Prospectus Exemptions (“NI 45-106”).
On November 19, 2024, the Company completed a concurrent private placement offering of 9,773,154 NFT Units at a price of $0.065 per unit to certain purchasers pursuant to applicable exemptions under NI 45-106, for gross proceeds of $635,255 (the "Concurrent Private Placement"). The Company raised aggregate gross proceeds of $5,635,255 from the Offering and Concurrent Private Placement. The Offering was led by Beacon Securities Limited, as sole lead agent and bookrunner, on behalf of a syndicate of agents that included Agentis Capital Markets Limited Partnership and Paradigm Capital Inc.
Fasken advised Beacon Securities Limited with a team led by John Sabetti and that included Allison Marks and Brittany Vanword (Capital Markets and M&A) and Claude Jodoin (Tax).
Jurisdictions
- Ontario
- Québec
