Maple Gold Mines Ltd. has announced a new partnership with Beacon Securities Limited to facilitate a private placement offering designed to raise up to $10 million. The offering will consist of both non-flow-through common shares priced at $1.20 each and flow-through common shares priced at $1.68 each. The flow-through shares will qualify as such under the Income Tax Act (Canada), providing specific tax benefits for investors.
This private placement will involve a “best efforts” strategy, with Beacon acting as the sole lead agent and bookrunner for a syndicate of agents. The shares are aimed at Canadian residents, although sales in Quebec will commence only after specific documentation has been filed. Furthermore, the offering may extend to other agreed-upon jurisdictions outside Canada, including the United States, under relevant securities laws.
The company plans to allocate the funds raised from the flow-through shares towards eligible Canadian exploration expenses associated with its mineral properties in Quebec. These costs are anticipated to qualify for tax relief under both the federal Income Tax Act and the Quebec Tax Act, benefiting eligible Quebec residents among the investors. These expenditures will be renounced in favor of subscribers by the end of 2025.
On the other hand, proceeds from the non-flow-through shares will be used for general and administrative costs as well as working capital over the upcoming 12 months.
An offering document pertaining to this financing initiative is available for potential investors on the company’s profile and website, emphasizing the need for thorough review before any investment decisions.
The closing of the offering is anticipated around October 23, 2025, pending necessary regulatory approvals, including from the TSX Venture Exchange. In the U.S., offers will be targeted exclusively at accredited and qualified institutional buyers under specific exemptions from registration requirements.
Maple Gold Mines is an advanced exploration entity focused on its Douay/Joutel Gold Project in Quebec, a region known for its rich gold resources. The company’s extensive property includes numerous exploration targets and historical mining sites, making it a focal point for additional resource discoveries.
The potential of this offering aligns with Maple Gold’s broader objectives of resource expansion and discovery. Prospective investors are reminded that the forward-looking statements contained in the announcement carry inherent uncertainties, and actual results may differ significantly from the company’s expectations.
For more information about the offering and the company, details are available through Maple Gold Mines’ website and their investor relations channels.
