On November 14, 2024, Maple Gold Mines Ltd. closed the first tranche of a brokered private placement of (i) 32,695,384 non-flow through units at a price of $0.065 per non-flow through unit; and (ii) 35,935,000 flow-through common shares at a price of $0.08 per flow-through common share pursuant to the listed issuer financing exemption. On November 19, 2024, Maple Gold closed the second tranche of the brokered private placement of an additional 9,773,154 non-flow through units at a price of $0.065 per non-flow through unit pursuant to other prospectus exemptions. The total gross proceeds raised by Maple Gold was approximately $5.6 million.
The brokered private placement was led by Beacon Securities Limited, as sole lead agent and bookrunner, on behalf of a syndicate of agents, including Agentis Capital Markets Limited Partnership and Paradigm Capital Inc.
Cassels acted for Maple Gold.