Business
Maple Gold Announces Upsize of Brokered LIFE Offering to $13 Million
Vancouver, British Columbia--(Newsfile Corp. - September 25, 2025) - Maple Gold Mines Ltd. (TSXV...
About this update from Maple Gold Mines Ltd
[{"type":"text","content":"Maple Gold Announces Upsize of Brokered LIFE Offering to $13 MillionVancouver, British Columbia--(Newsfile Corp. - September 25, 2025) - Maple Gold Mines Ltd. (TSXV: MGM) (\"Maple Gold\" or the \"Company\") is pleased to announce that it has entered into an agreement to upsize its previously announced \"best efforts\" private placement offering (the \"Offering\") with Beacon Securities Limited (\"Beacon\"), on behalf of a syndicate of agents including Agentis Capital Markets Limited Partnership, Cormark Securities Inc., and Paradigm Capital Inc. (together with Beacon, the \"Agents\"). Under the amended terms of the Offering, the Company will issue up to 4,167,000 non-flow-through common shares of the Company (the \"NFT Shares\") at a price of $1.20 per NFT Share (the \"NFT Issue Price\") and up to 4,762,000 flow-through common shares of the Company (the \"FT Shares\", and together with the NFT Shares, the \"Offered Securities\") at a price of $1.68 per FT Share (the \"FT Issue Price\") for total gross proceeds to the Company of up to $13,000,560 (the \"Offering\").Each FT Share shall qualify as a \"flow-through share\" for the purposes of the Income Tax Act (Canada) (the \"Tax Act\"). The Offered Securities will be offered pursuant to Part 5A (the \"Listed Issuer Financing Exemption\") of National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\") to purchasers resident in Canada, however, the Offering in Québec will not commence until such time as the French Form 45-106F19 has been filed and posted on SEDAR+, and in other qualifying jurisdictions outside of Canada, including the United States, that are mutually agreed to by the Company and Beacon pursuant to relevant prospectus or registration exemptions in accordance with applicable laws. The Offered Securities issued under the Listed Issuer Financing Exemption to Canadian subscribers will not be subject to a hold period in Canada.The Company will use an amount equal to the gross proceeds from the sale of the FT Shares to incur eligible \"Canadian exploration expenses\" (as defined in the Tax Act): (i) that will qualify as \"flow-through mining expenditures\" (as defined in the Tax Act) and, (ii) in respect of Québec resident subscribers who are eligible individuals under the Taxation Act (Québec) (the \"Québec Tax Act\"), that will also qualify for ...