Börse Express – IRW News: Maple Gold Mines Ltd. : Maple Gold Closes Already Announced C $ 1,132,000 Private Placement and Arranges Additional C $ 330,000 Funding

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IRW PRESS: Maple Gold Mines Ltd. : Maple Gold is already closing
announced private placement over C $ 1,132,000 and arranged
additional funding of C $ 330,000

NOT FOR DISTRIBUTION IN THE UNITED STATES OR
FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT OFFER THE
SECURITIES DESCRIBED HERE

December 23, 2019 – Montreal (Quebec): Maple Gold Mines Ltd. ( “Maple
Gold “or the” Company “) (TSX-V: MGM, OTCQB: MGMLF; Frankfurt:
M3G) is pleased to announce that it has announced its previously announced
private placement not brokered for gross proceeds of
Completed a total of C $ 1,132,000 and then one
arranged additional funding of $ 330,000.

On December 19, 2019, the company announced that it did not have one
mediated flow-through financing for gross proceeds of
a total of C $ 1.008 million (the “Offer”) through the expense
of 7,200,000 common shares (the “flow-through shares”) at one price
of $ 0.14 per flow-through share. The enterprise
also announced that it was funding in hard CAD dollars
up to C $ 124,000 by issuing up to 1,550,000 shares
(the “Shares”) arranged at a price of C $ 0.08 per share.

Certain board members and executives (the “insiders”) of the
Society subscribed about 53% of the shares.

The company has an additional, not brokered
Flow-through financing (the second offer “) totaling 210,000
C $ by issuing 1,500,000 common shares (the
Flow-through shares “) at a price of $ 0.14 each
Flow-through shares and additional funding in hard
CAD $ 120,000 through spending $ 1,500,000
Ordinary shares (the “Shares”) at a price of C $ 0.08 per share
arranged.

The subscription of shares in insiders under the
Private placement is a related party transaction
considered, which is subject to the Multilateral Instrument 61-101. The
Company intends to rely on exceptions to the formal
Assessment and approval requirements of minority shareholders
according to Section 5.5 (a) and 5.7 (a) of the Multilateral Instrument
61-101 to be appointed, on the basis that participation
by insiders on the private placement 25% of the market value of the
Market capitalization of the company will not exceed.

All shares issued in connection with the offers
are subject to a four-month hold period from the day of
Statements. The company intends to get the net income from
the private placement for drilling on the Douay Project and for
to use general corporate purposes. With the first offer
there were no finder fees and no pro-group participation.
The second offer is expected to be completed in the
last week of 2019 and depends on the preservation of everyone
necessary permits, including the approval of the exchange,
from.

The securities offered have not been and will not be in accordance with the United
States Securities Act of 1933, as amended (the
“U.S. Securities Act”) or under the securities laws of the
US states are registered and allowed in the United States
or on or for account or in favor of U.S. people
offered or sold unless they are registered
or an exception to U.S. registration requirements
Securities Act and applicable US securities laws.
This press release represents neither in the United States nor
in another jurisdiction, an offer to sell or a
Invitation to submit an offer to buy securities
represents.

The flow-through shares become “flow-through” shares according to the
Income Tax Act (Canada) and are subject to a statutory
Holding period of four months plus one day from the closing date.
The company intends to generate net income from the
Private placement to further promote the Douay gold project
use.

About Maple Gold

Maple Gold is an advanced gold exploration and
Development company whose focus is on the definition
of a district-scale gold project in one of the world’s
leading mining countries. The ~ 350 km² Douay gold project
The company is located along the Casa Deformation Zone
Berardi (55 km strike length) within the productive
Greenstone belt Abitibi in northern Quebec, Canada. The project
benefits from an excellent infrastructure and has
an established gold resource (RPA 2019) working in multiple directions
remains open. For more information, please visit
www.maplegoldmines.com.

BY ORDER OF MAPLE GOLD MINES LTD.

“Matthew Hornor”

B. Matthew Hornor, President and CEO

For further information please contact:

Mr. Joness Lang

VP, corporate development

Cell: 778.686.6836

Email: [email protected]

In Europe:

Swiss Resource Capital AG

Jochen Staiger

[email protected]

www.resource-capital.ch

Neither the TSX Venture Exchange nor its regulatory service providers
(HOW THIS TERM IS IN THE TSX VENTURE EXCHANGE GUIDELINES
DEFINED) TAKE RESPONSIBILITY FOR ADEQUACY
OR ACCURACY OF THIS PRESS RELEASE.

Forward-looking statements:

This press release contains “forward-looking information” and
“forward-looking statements” (collectively, “forward-looking statements”
referred to) in accordance with applicable Canadian securities laws in
Canada, including statements about the promising
Mineralization potential of the Porphyry zone, the potential for one
significant mineralization from other drilling under the
mentioned drilling program and completion of the drilling program.
Forward-looking statements are based on assumptions, uncertainties and
management’s best possible estimate of future ones
Events. The actual events or results can be
significantly from society’s expectations and forecasts
differ. Investors are cautioned that
forward-looking statements involve risks and uncertainties
are. Accordingly, readers should not be inappropriate
forward-looking statements. Forward-looking statements
include, but are not limited to, statements regarding the
Schedule and completion of the private placement. If here
Words such as “expect”, “will”, “intend” and the like
When expressions are used, they are intended to be forward-looking statements
mark.

Forward-looking statements are based on certain estimates,
Expectations, analyzes and opinions that the management at
Considered appropriate at the time the statements were made, or at
in certain cases on the advice of third parties. Such forward-looking
Statements involve known and unknown risks and
Uncertainties as well as other factors that can cause
our actual events, results, accomplishments or successes
essential from future events, results, achievements
or successes that differ in such forward-looking statements
expressed or implied. For a more detailed
Discuss such risks and other factors that lead to them
the actual results could differ significantly from those
distinguish that expressed in such forward-looking statements
brought or implied, please read Maple Gold’s
Mines Ltd. filed with the Canadian securities authorities
Documents available on www.sedar.com or on the website of the
Company are available at www.maplegoldmines.com. The
Company does not intend and expressly rejects any
Intent or obligation to make forward-looking statements
update or revise, be it due to new ones
Information, future events or other reasons,
unless required by law.

You can find the original English message under the following link:

https://www.irw-press.at/press_html.aspx?messageID=49677

You can find the translated message under the following link:

https://www.irw-press.at/press_html.aspx?messageID=49677&tr=1

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 ISIN  CA5651271077

AXC0002 2019-12-28 / 11: 14

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