Maple Gold Mines Ltd V.MGM

Alternate Symbol(s): MGMLF

Metals & Mining Gold

Maple Gold Mines Ltd. is a Canadian-advanced exploration company. It is focused on advancing the district-scale Douay and Joutel gold projects located in Quebec's prolific Abitibi Greenstone Gold Belt. In addition, the Company holds an option to acquire 100% of the Eagle Mine Property, a key part of the historical Joutel mining complex. The Douay Gold Project is located over 55 kilometers (km) southwest of Matagami and 130 km north of Amos, Quebec, by road. The Joutel Gold Project is 100% owned by the 50/50 Joint Venture (JV) between Maple Gold and Agnico Eagle Mines Limited (Agnico). Joutel Gold Project is located approximately 70 km southwest of Matagami and 125 km north of Amos, Quebec, by road. The Eagle Mine Property is a 77-hectare property located several kilometers west of the former mining town of Joutel in mining-friendly Quebec, Canada. Its Morris property is located approximately 30 km east-northeast of the town of Matagami, or over 110 km north-east from the Douay camp.

TSXV:MGM - Post by User

Maple Gold Mines Ltd > Maple Gold Announces $10 Million Bought Deal Financing

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Comment by aschi1on Dec 07, 2020 4:18pm

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Post# 32051664

RE:Maple Gold Announces $10 Million Bought Deal Financing

Thats a litte unexpected at this Time. With 12 Mio in the Account and 4 Mio from Agnico for the first Year - a later point in time would have been more logical.

Or there is a Take over already in Prospect ?

The net proceeds of the Offering will be used to continue advancement of the Douay Gold Project, for general corporate purposes, and to fund future potential growth opportunities.

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Advancing flagship Ishkõday Gold Project in Ontario