On September 29, 2025, McFarlane Lake Mining Limited completed a non-brokered private placement of 15,000 debenture units for aggregate gross proceeds of US$15 million in connection with the acquisition of a 100% interest in the Juby Gold Project and a 25% joint venture interest in the adjacent Knight property from an affiliate of Aris Mining Corporation. Each debenture unit was comprised of (i) one 15% senior secured debenture having a face value of $1,000 and maturing 13 months from the date of issuance; and (ii) 3,200 common share purchase warrants of McFarlane, with each warrant entitling the holder to acquire one common share of McFarlane at a price of C$0.15 per share for a period of three years following the date of issuance. Black Maple Capital and its affiliates were the lead orders on the offering, subscribing for an aggregate of US$7.5 million of debentures.
Cassels acted for Black Maple Capital.