Increase Private Finance Maple Gold Increases Non-Brokered Financing up to C$4,750,000
Montreal, Quebec--(Newsfile Corp. - July 29, 2020) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the "Company") is upsizing the previously announced non-brokered HD financing (see press release July 23, 2020). The increased financing is for aggregate gross proceeds of up to C$4,750,000 (the "Offering") through the issuance of up to approximately 27,941,175 common shares (the "Shares") at a price of C$0.17 per Share.
Maple Gold's President and CEO, Matthew Hornor, commented: "Due to strong demand we have decided to increase our financing slightly in order to fit a few additional investors into the private placement."
The Company intends to use the net proceeds from the private placement to continue advancing the Douay Gold Project and for general corporate purposes.
The Offering is subject to the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.