Business
Maple Gold Arranges up to C$4,000,000 Non-Brokered Financing
Montreal, Quebec--(Newsfile Corp. - July 23, 2020) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQ...
About this update from Maple Gold Mines Ltd
[{"type":"text","content":"Maple Gold Arranges up to C$4,000,000 Non-Brokered FinancingMontreal, Quebec--(Newsfile Corp. - July 23, 2020) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) (\"Maple Gold\" or the \"Company\") is pleased to announce that it is undertaking a non-brokered HD financing for aggregate gross proceeds of up to C$4,000,000 (the \"Offering\") through the issuance of up to approximately 23,530,000 common shares (the \"Shares\") at a price of C$0.17 per Share. Maple Gold's President and CEO, Matthew Hornor, stated: \"This financing delivers further flexibility and puts us in position to accelerate exploration and drilling at Douay. I'd like to personally thank the groups participating for their support and we look forward to an active second half of the year in the field.\"The Company intends to use the net proceeds from the private placement to continue advancing the Douay Gold Project and for general corporate purposes. The Offering is subject to the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.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 an advanced gold exploration and development company focused on defining a district-scale gold project in one of the world's premier mining jurisdictions. The Company's ~355 km² Douay Gold Project is located along the Casa Berardi Deformation Zone (55 km of strike) within the prolific Abitibi Greenstone Belt in northern Quebec, Canada. The Project benefits from excellent infrastructure and has an established gold resource that remains open in multiple directions. For more information please visit www.maplegoldmines.com. ON BEHALF OF MAPLE GOLD MINES LTD.\"Matthew Hornor\"B. Matthew Hornor, President & CEOFor Further Information Please Contact: Mr...