Maple Gold announces $5 million non-brokered private placement

Published 2 months ago Positive
Maple Gold announces $5 million non-brokered private placement
Auto
* Maple Gold Mines (TSXV:MGM:CA [https://seekingalpha.com/symbol/MGM:CA]) intends to raise about C$5 million pursuant to a non-brokered private placement with a lead order from strategic investor Michael Gentile.
* The offering will consist of, on a post-consolidation basis, the issuance of up to 4.12M charity flow-through units of the company at a price of C$0.85 per FT unit and the issuance of up to 2.50M non-flow-through units of the company at a price of C$0.60 per NFT unit.
* The offering is expected to close on or about September 8, 2025.
* In addition, pursuant to an investor rights agreement between the company and Agnico Eagle Mines Limited (NYSE:AEM [https://seekingalpha.com/symbol/AEM]), Agnico Eagle has indicated that it intends to participate in the offering to maintain its _pro rata_ ownership interest in the company.
* The company also intends to complete the consolidation of the common shares of the company on a 10 to one 1 basis with an expected effective date of September 8, 2025.
* AEM +0.36% premarket to $130.71.
* Source: Press Release [https://seekingalpha.com/pr/20206385-maple-gold-announces-5-million-non-brokered-private-placement-led-by-strategic-investor]

MORE ON AGNICO EAGLE, MAPLE GOLD MINES LTD.

* Agnico Eagle Mines: Likely Not The End Of Their Growth Story [https://seekingalpha.com/article/4812417-agnico-eagle-mines-stock-q2-likely-not-the-end-of-their-growth-story]
* Agnico Eagle Mines: A False Sense Of Security [https://seekingalpha.com/article/4811426-agnico-eagle-mines-false-sense-of-security]
* Agnico Eagle: Welcome To Hotel FreeCashflowrnia [https://seekingalpha.com/article/4807576-agnico-eagle-welcome-to-hotel-freecashflowrnia]
* Agnico Eagle outlines path to 1.3M–1.5M ounces production potential as project pipeline accelerates [https://seekingalpha.com/news/4476072-agnico-eagle-outlines-path-to-1_3m-1_5m-ounces-production-potential-as-project-pipeline]
* Agnico Eagle Non-GAAP EPS of $1.94 beats by $0.14, revenue of $2.82B beats by $120M [https://seekingalpha.com/news/4474945-agnico-eagle-non-gaap-eps-of-1_94-beats-by-0_14-revenue-of-2_82b-beats-by-120m]