By Sheri Kasprzak
Atlanta, June 7 - Maple Minerals Corp. said it plans to raise up to C$2,525,080 in a non-brokered private placement.
The offering includes up to 1.5 million flow-through shares at C$1.35 each and up to 357,200 units at C$1.40 each.
The units are comprised of one share and one half-share warrant. The full warrants provide for an additional share at C$1.50 each for one year.
Dundee Securities Corp. is the placement agent in the deal, which is expected to close June 17.
Based in Toronto, Maple is a mineral exploration and development company. The proceeds from the flow-through shares will be used for exploration on the company's Canadian properties with a focus on the Shebandowan property. The proceeds from the units will be used for general corporate purposes.
| Issuer: | Maple Minerals Corp.
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| Issue: | Flow-through shares and units for one share and one half-share warrant
|
| Amount: | C$2,525,080
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| Placement agent: | Dundee Securities Corp.
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| Pricing date: | June 7
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| Settlement date: | June 17
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| Stock price: | C$1.55 at close June 7
|
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| Flow-through shares
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| Issue: | Flow-through shares
|
| Shares: | 1.5 million (maximum)
|
| Price: | C$1.35
|
| Warrants: | No
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|
|
| Units
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| Issue: | Units of one non flow-through share and one half-share warrant
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| Units: | 357,200
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| Price: | C$1.40
|
| Warrants: | One half-share warrant per unit
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| Warrant expiration: | One year
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| Warrant strike price: | C$1.50
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