Maple Gold Mines increases private placement to $13M

Executive Summary

• Maple Gold Mines Ltd. announced an upsized best‑efforts private placement, increasing total gross proceeds to up to $13,000,560.
• The offering will consist of up to 4,167,000 non‑flow‑through (NFT) common shares at $1.20 each and up to 4,762,000 flow‑through (FT) common shares at $1.68 each.
• Proceeds from FT shares are earmarked for eligible Canadian exploration expenses on Quebec properties; NFT proceeds will fund general & administrative costs and working capital for 12 months post‑closing.

Key Details

• Offering Structure:
• NFT Shares: ≤ 4,167,000 shares @ $1.20 per share → up to $5,000,400 gross proceeds.
• FT Shares: ≤ 4,762,000 shares @ $1.68 per share → up to $8,000,160 gross proceeds.
• Total Gross Proceeds: Up to $13,000,560 (subject to full subscription).
• Syndicate Agents: Beacon Securities Ltd. (lead), Agentis Capital Markets LP, Cormark Securities Inc., Paradigm Capital Inc.
• Regulatory Framework: Offered under Part 5A of NI 45‑106 (prospectus exemptions) to Canadian residents; Quebec portion pending filing of Form 45‑106F19 on SEDAR+. No hold period for Canadian subscribers under the listed issuer financing exemption.
• Use of Proceeds – FT Shares:
• To cover eligible Canadian exploration expenses that qualify as flow‑through mining expenditures.
• For Quebec resident subscribers, expenses will also qualify under Sections 726.4.10 and 726.4.17.2 of the Québec Tax Act (exploration base).
• All qualifying expenditures to be renounced in favour of subscribers by Dec 31 2025.
• Use of Proceeds – NFT Shares: General & administrative expenses and unallocated working capital for a 12‑month period after closing.
• Closing Timeline: Expected on or about Oct. 23, 2025, subject to regulatory approvals (including TSX Venture Exchange).
• Documentation: Offering memorandum available on SEDAR+ and the company website; investors urged to review before investing.

Notable Quotes

(No direct quotes were provided in the release.)