Northwire Canada EditionThursday, November 12, 2026
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Financings

Maple Gold arranges $16-million in private placements

By The Northwire Desk — AI Analysis Jan 26, 2026 · 17:43 MGM · 2.55 Maple Gold Mines Ltd.
MGM · Price

Executive Summary

  • Maple Gold Mines Ltd. announced a combined capital raise of up to $16 million, consisting of a $12 million brokered Listed Issuer Financing Exemption (LIFE) offering and a concurrent $4 million non-brokered private placement.
  • The brokered portion involves the issuance of up to 3,525,000 flow-through shares at $3.40 per share, with Canaccord Genuity Corp. acting as lead agent.
  • The concurrent non-brokered private placement includes up to 1,070,960 flow-through shares and up to 152,580 non-flow-through shares at $2.45 per share, with strategic investor Michael Gentile participating to maintain his stake.

Key Details

  • Brokered LIFE Offering:

    • Lead Agent: Canaccord Genuity Corp. (sole bookrunner for a syndicate of agents).
    • Instrument: Up to 3,525,000 flow-through shares (FT shares).
    • Price: $3.40 per FT share.
    • Gross Proceeds: Up to $11,985,000.
    • Use of Proceeds: Gross proceeds from FT shares will be used to incur eligible Canadian exploration expenses (flow-through mining expenditures) related to the company's Canadian projects, to be renounced to subscribers effective Dec. 31, 2026.
    • Indemnification: The company will indemnify subscribers for additional taxes payable if qualifying expenditures are not renounced by Dec. 31, 2026, or are reduced by the Canada Revenue Agency.
    • Hold Period: No hold period for Canadian resident subscribers under the LIFE exemption.

  • Concurrent Non-Brokered Private Placement:

    • Gross Proceeds: Up to $4,015,085.
    • Instrument: Up to 1,070,960 FT shares (at issue price) and up to 152,580 non-flow-through shares (NFT shares).
    • NFT Share Price: $2.45 per NFT share.
    • Use of Proceeds: Net proceeds from NFT shares to be used for general and administrative expenses and unallocated working capital over 12 months following closing.
    • Hold Period: Four-month hold period for Canadian resident subscribers.

  • Strategic Participation:

    • Michael Gentile intends to participate in the offering to maintain his approximately 8.4% partially diluted interest.

  • Closing and Regulatory:

    • Expected Closing: On or about Feb. 17, 2026.
    • Conditions: Subject to regulatory approvals, including conditional approval of the TSX Venture Exchange.
    • Jurisdiction: Offered to purchasers in Canada (except Quebec) for the LIFE portion; Canada and/or other qualifying jurisdictions for the non-brokered portion.

Notable Quotes

  • None provided in the text.
Read the original news release →

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