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Maple Gold closes final $330,000 tranche from previously announced private placement30.12.2019 | 22:30 Uhr | Newsfile
Montreal, December 30, 2019 - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the "Company") is pleased to announce that it has closed the Second Offering from its previously announced non-brokered private placement for total gross proceeds of C$330,000. On December 23, 2019, the Company announced that it had arranged additional non-brokered flow-through financing (the "Second Offering") for C$210,000 through the issuance of 1,500,000 common shares (the "Flow Through Shares") at a price of $0.14 per Flow Through Share and an additional $120,000 in hard dollar financing through the issuance of 1,500,000 common shares (the "Shares") at a price of C$0.08 per Share. The additional financing was arranged subsequent to the Company's non-brokered private placement that was announced on December 19, 2019 (the "Initial Offering"). All Shares issued in connection with the Offerings will be subject to a four-month hold period from the date of closing. The Company intends to use the net proceeds from the private placements to drill top-priority targets at the Douay Project and for general corporate purposes. There were no finder's fees associated with the Second Offering and no pro group participation. The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release does not constitute an offer to sell or the solicitation of any offer to buy securities in the United States, nor in any other jurisdiction. The Flow Through Shares will be "flow-through" shares pursuant to the Income Tax Act (Canada) and will be subject to a statutory hold period of four-months plus one day from the date of closing. The Company intends to use the net proceeds from the private placement to continue advancing the Douay Gold Project. About Maple Gold ON BEHALF OF Maple Gold Mines Ltd. "Matthew Hornor" B. Matthew Hornor, President & CEO For Further Information Please Contact: Mr. Joness Lang NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE. Forward Looking Statements: Forward-looking statements are based on certain estimates, expectations, analysis and opinions that management believed reasonable at the time they were made or in certain cases, on third party expert opinions. Such forward-looking statements involve known and unknown risks, and uncertainties and other factors that may cause our actual events, results, performance or achievements to be materially different from any future events, results, performance, or achievements expressed or implied by such forward-looking statements. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Maple Gold Mines Ltd.'s filings with Canadian securities regulators available on www.sedar.com or the Company's website at www.maplegoldmines.com. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN To view the source version of this press release, please visit https://www.newsfilecorp.com/release/51097 Dieser Artikel stammt von Rohstoff-Welt.de
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