Vancouver, British Columbia—Maple Gold Mines Ltd. has announced a significant modification to its previously disclosed private placement offering, which aims to raise substantial capital for the company. The agreement involves Beacon Securities Limited, in association with a syndicate of agents including Agentis Capital Markets Limited Partnership, Cormark Securities Inc., and Paradigm Capital Inc.
Under the revised terms, Maple Gold is set to issue up to 4,167,000 non-flow-through common shares at a price of $1.20 per share, alongside up to 4,762,000 flow-through common shares priced at $1.68 each. This strategic offering could generate gross proceeds of up to $13,000,560 for the company.
The flow-through shares will adhere to the Income Tax Act (Canada), providing tax benefits to investors. This offering will be available under the Listed Issuer Financing Exemption of National Instrument 45-106, aimed primarily at Canadian residents, albeit the offering in Québec will commence only after regulatory requirements are fulfilled. Investors from qualifying jurisdictions outside of Canada, including theUnited States, can also participate, provided they meet specific criteria.
Proceeds from the flow-through shares are earmarked for eligible Canadian exploration expenses linked to the company’s mineral properties in Québec, with all expenditures set to be completed before the end of 2026. On the other hand, the funds from non-flow-through shares will be allocated toward general administrative expenses and working capital over the next 12 months.
The anticipated closing date for this offering is around October 23, 2025, contingent on receiving necessary regulatory approvals, including that of the TSX Venture Exchange.
Investors in the United States will only be able to purchase these securities if they qualify as “accredited investors” or “qualified institutional buyers,” as defined under U.S. securities laws. Notably, the offered securities will not be registered and cannot be sold in the U.S. unless exemptions apply.
Maple Gold Mines Ltd. is focused on its expansive Douay/Joutel Gold Project in Québec, which features significant exploration potential and historical mining operations. The company’s efforts are directed towards expanding resource estimates and identifying new gold discoveries, capitalizing on its strategic positioning in one of Canada’s most prolific mining regions.
For further details on the offering, potential investors are encouraged to review the offering document available on SEDAR+ and the company’s official website.
