Successful Completion of Approximately $3.1 million Maple Leaf Resource Corp. and 1532497 Ontario Inc. Announce Successful Completion of Approximately $3.1 million Subscription Receipts V.MPL | July 17, 2014 CALGARY, ALBERTA / ACCESSWIRE / JULY 17, 2014 / Maple Leaf Resource Corp. (“Maple Leaf”) (TSX-V: MPL.P) is pleased to announce the completion of the previously announced private placements (the "Offerings") of subscription receipts (the "Cogency Subscription Receipts") of 1532497 Ontario Inc. (formerly Cogency Semiconductor Inc. ("Cogency"). Cogency completed (i) a non-brokered private placement of 7,153,372 subscription receipts, at a purchase price of $0.36 per Cogency Subscription Receipt, for aggregate gross proceeds of $2,575,215; and (ii) a brokered private placement of 1,388,890 Cogency Subscription Receipts, at a purchase price of $0.36 per Cogency Subscription Receipt, for aggregate gross proceeds of $500,000. Each Subscription Receipt will be automatically exchangeable without payment of any additional consideration for one unit of Cogency (each a “Cogency Unit” and collectively the “Cogency Units”), subject to the receipt of all necessary regulatory approvals and the satisfaction of certain conditions precedent to the consummation of the proposed business combination between Cogency and Maple Leaf (the “Proposed Transaction”). In the event that the escrow conditions have not been satisfied on or before 11:59 p.m. (Calgary time) on October 31, 2014, the Cogency Subscription Receipts will automatically be repurchased by Cogency at their purchase price, plus accrued interest earned thereon, if any. Each Cogency Unit will be comprised of one common share of Cogency (each a “Cogency Share” and collectively the “Cogency Shares”) and one Cogency Share purchase warrant (each a “Cogency Warrant” and collectively the “Cogency Warrants”). Each Cogency Warrant will entitle the holder to purchase one additional Cogency Share (each a “Cogency Warrant Share” and collectively the “Cogency Warrant Shares”) at an exercise price of $0.43 per Cogency Warrant Share at any time prior to the day that is twenty-four (24) months from the closing date of the Proposed Transaction. Proceeds will be used to fund the acquisition oil and gas royalties and non-operated working interest production and for general corporate purposes; The successful completion of the Subscription Receipt offerings satisfies one of the key conditions of the proposed business combination between Cogency and Maple Leaf. Following the transaction Maple Leaf will be classified as an investment issuer and will carry on the business of acquiring high quality, long life oil and gas royalty and non-operated working interest assets in order to deliver yield and capital appreciation to shareholders. The New Management Team and Board of Directors will include Dan Gundersen, Chief Executive Officer; Adam Thomas, President; John Dickson, Interim Chief Financial Officer and Corporate Secretary; Lowell Jackson, Chairman of the Board; Hugh Cartwright, Managing Director; Shane Doyle, Managing Director; Martin Cheyne, Director; and John Zahary, Director. Read more at https://www.stockhouse.com/news/press-releases/2014/07/17/maple-leaf-resource-corp-and-1532497-ontario-inc-announce-successful-completion#gdY0ry8HeLHU5Buw.99