Maple Gold Secures C$4M for Quebec Exploration

Maple Gold Mines Ltd (TSE:MGM) has released an update.

Maple Gold Mines Ltd. has successfully completed a C$4.05 million private placement, issuing over 33 million shares at C$0.12 each, with Agnico Eagle Mines Limited significantly increasing its ownership stake to 19.9%. The funds raised will finance Maple Gold’s 2024 exploration programs in Quebec, where drilling is expected to resume later in the year. The company aims to expand its gold projects, leveraging Agnico Eagle’s investment to bolster its financial position and exploration capabilities.

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