Maple Gold closes $5-million private placement

Executive Summary

• Maple Gold Mines Ltd. closed an oversubscribed non‑brokered private placement, raising approximately $5 million in gross proceeds.
• The financing consists of 4,117,647 charity flow‑through (FT) units at $0.85 each ($3.5 M) and 2.5 million non‑flow‑through (NFT) units at $0.60 each ($1.5 M).
• Proceeds will fund aggressive drilling on the Douay/Joutel gold project this fall and support a maiden drill program along the Eagle‑Telbel trend, targeting an updated mineral resource estimate by H1 2026.

Key Details

• Units Issued
• FT units: 4,117,647 (each = 1 share + 1 warrant) @ $0.85 per unit → ~$3.5 M gross.
• NFT units: 2,500,000 (each = 1 share + 1 warrant) @ $0.60 per unit → ~$1.5 M gross.
• Strategic Investors
• Michael Gentile now holds ~9.9% of common shares (partially diluted) and joins as a strategic adviser.
• Agnico Eagle Mines Ltd. exercised its pro‑rata right, maintaining ~16.3% ownership (partially diluted).
• Warrant Terms
• Exercise price: $0.85 per share.
• Expiry: 36 months from issue; may be accelerated if TSX‑V share price ≥ $2.50 for 20 consecutive trading days, triggering a 30‑day expiry notice.
• Use of Proceeds
• FT unit proceeds → Canadian exploration expenses on Quebec properties (to be incurred by Dec 31 2026).
• NFT unit proceeds → Working capital and general corporate purposes.
• Share Consolidation
• Completed a 1‑for‑10 share consolidation effective Sept 8 2025.
• Holding Periods & Lock‑Ups
• Standard TSX‑V hold period: 4 months + 1 day from closing date.
• Certain investors entered into additional 12‑month lock‑up agreements.
• Related‑Party Transactions
• Officers/directors collectively purchased 77,268 NFT units.
• Agnico Eagle acquired 586,619 NFT units. Both transactions exempt from MI 61‑101 valuation/approval thresholds.
• Regulatory Status
• Offering remains subject to final acceptance by the TSX Venture Exchange.
• No material change report filed 21 days prior to closing (expedited for business reasons).

Notable Quotes

“We are extremely pleased with the success of our financing and the strong support we received from both new and existing shareholders,” said Kiran Patankar, President & CEO.
“The proceeds will allow us to aggressively drill our flagship Douay/Joutel gold project this fall… to support an updated mineral resource estimate targeted for the first half of 2026.”