Mgm MAPLE GOLD MINES LTD. ("MGM")
BULLETIN TYPE: Prospectus-Unit Offering
BULLETIN DATE: February 1, 2021
TSX Venture Tier 1 Company
The Company's Short Form Prospectus dated December 21, 2020 was filed with and accepted by TSX Venture Exchange (the "Exchange") and filed with and receipted by the British Columbia Securities Commission and the securities regulatory authorities of Alberta, Saskatchewan, Manitoba, Ontario, Qubec, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador Securities Commissions pursuant to the provisions of the respective Securities Act.
| Offering: | The Offering consists of 27,800,000 common shares (the "Common Shares") at the price of $0.36 per Common Share (the "Subscriptions Price"). |
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| Offering Price: | $0.36 per Common Share |
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| Underwriter: | BMO Nesbitt Burns Inc. |
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| Underwriter's Commission: | The Underwriter received cash commission equal to 6% of the gross proceeds realized from the sale of the Common Shares other than: (i) the gross proceeds realized from certain president's list purchasers, for which a cash fee equal to 3% was paid, and (ii) in respect of Common Shares sold to Agnico Eagle Mines Limited ("Agnico") pursuant to the exercise of the participation rights granted to Agnico by the Corporation pursuant to an investor rights agreement between the Corporation and Agnico dated October 13, 2020, in which case no Underwriter's Fee will be payable thereon. |
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| Over-Allotment Option: | The Underwriters were granted an over-allotment option, exercisable for a period of 30 days following the closing date, to purchase an additional number of Common Shares equal to 15% of the number of Common Share sold pursuant to the Offering. |
For further information, please refer to the Company's Prospectus dated December 21, 2020.
The Exchange has been advised that a total of 27,800,000 Common Shares have been issued at a price of $0.36 per Common Shares pursuant to the closing of the Offering for aggregate gross proceeds of $10,008,000. The Company has confirmed that the Over-Allotment Option has not been exercised and has expired.