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Maple Gold Mines Ltd V.MGM

Alternate Symbol(s):  MGMLF

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

Comment by woolcoon Dec 08, 2020 1:52pm
194 Views
Post# 32059218

RE:This site has the better scenario for me...

RE:This site has the better scenario for me...How do you access that information/conversation.

I would love to understand better how this is leading to being acquired....and stock goes down 10%.

Would seem unethical /illegal...to do an offerring at 36 cents....for 10M dollars...and then sell the company a few weeks/month later...to the same company etc...that was gettting it at 36 cents for 10M....

My only guess would be they need the float higher so AEM can't block the sale....with their ownership stake...but that would go against all the love in they just had as mutually respectful partners.
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