Maple Gold's $5.6M Private Placement: Fueling Exploration and Growth

Maple Gold Mines Ltd. (TSXV: MGM) has successfully closed a brokered private placement, raising a total of C$5,600,000. This strategic move enables the company to advance its Douay and Joutel gold projects in Québec's Abitibi Greenstone Gold Belt, further strengthening its financial position and long-term growth prospects.

The private placement comprised the issuance of non-flow-through units and flow-through shares. The non-flow-through units, priced at C$0.065 each, included one common share and one-half of one warrant, exercisable at C$0.10 for a period of 36 months. The flow-through shares were issued at C$0.08 each, qualifying as "flow-through mining expenditures" under the Income Tax Act.

The proceeds from the sale of flow-through shares, totaling C$4,058,621, will be used to incur "Canadian exploration expenses" on the Company's mineral properties in Québec on or before December 31, 2025. This allocation allows subscribers to renounce the Qualifying Expenditures in favor of the subscribers, providing tax benefits. The remaining C$1,541,379 from the sale of non-flow-through units will fund general and administrative expenses and unallocated working capital purposes over the next 12 months.

Maple Gold's strategic financing will support exploration and development activities, including drilling programs and resource expansion efforts. The company aims to grow mineral resources and make new discoveries along the Casa Berardi Deformation Zone, which remains underexplored despite its significant potential. By advancing these projects, Maple Gold seeks to establish a new gold district in the Abitibi, potentially unlocking substantial value for shareholders.

The Company's management team, led by President and CEO Kiran Patankar, has a proven track record in exploration and development. Their strategic restructuring with Agnico Eagle, which resulted in Maple Gold obtaining 100% ownership of the Douay and Joutel projects, demonstrates their commitment to maximizing shareholder value. With a clear path forward for the advancement of the projects, Maple Gold is well-positioned to deliver on its stated objectives.



In conclusion, Maple Gold's final closing of a C$5.6 million brokered private placement bolsters its financial position and enables the company to accelerate exploration activities. By focusing on resource expansion and new discoveries, Maple Gold aims to establish a new gold district in the Abitibi, creating long-term value for shareholders. With a strong management team and a clear growth strategy, Maple Gold is poised for success in the dynamic gold mining sector.