Business
Maple Gold announces non-brokered private placement of up to $3,800,000
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. MO
About this update from Maple Gold Mines Ltd
[{"type":"text","content":" NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. MONTREAL, Quebec, March 19, 2018 (GLOBE NEWSWIRE) -- Maple Gold Mines Ltd. (“Maple Gold” or the “Company”) (TSX-V:MGM) (OTCQB:MGMLF) (Frankfurt:M3G) is pleased to announce that it plans to complete a non-brokered, hard-dollar private placement financing for aggregate gross proceeds of up to C$3,800,000 (the “Offering”) through the issuance of 15,833,333 common shares at a price of $0.24 per share. Maple Gold’s President & CEO, Matthew Hornor, stated: “Completing this financing without warrants and having the strong support of long-term, Quebec-based institutional investors wanting to partner with us to build significant value in the Abitibi is another important step for Maple Gold. This financing provides the Company with the necessary working capital to comfortably enter 2019 with a solid balance sheet.” All the securities will be subject to a four-month hold period from the date of closing. Finder’s fees may be payable on a portion of the funds in accordance with the policies of the TSX Venture Exchange (the “TSX-V”). The Company intends on using the net proceeds from the private placement to continue advancing the Douay Gold Project and for general corporate purposes. Closing is expected on or about March 28, 2018, and is subject to regulatory approval including that of the TSX-V. The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release does not constitute an offer to sell or the solicitation of any offer to buy securities in the United States, nor in any other jurisdiction. About Maple Gold Maple Gold is a well-funded gold exploration company focused on advancing a district-scale gold project in one of the world’s premier mining jurisdictions. The Company’s 370 km² Douay Gold Project is located along the Casa Berardi Deformation Zone within th...