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Fort Capital acts as Financial Advisor to Maple Gold in Strategic Partnership with Agnico Eagle

Transaction Details

Fort Capital Partners is pleased to announce its role as financial advisor to Maple Gold.

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Maple Gold Mines Ltd. (TSXV:MGM) (“Maple Gold” or the “Company”) has announced that it has signed a binding term sheet with Agnico Eagle Mines Limited (“Agnico“) that contemplates a 50-50 joint venture (“JV”), and a strategic investment into Maple Gold (collectively, the “Transaction”).

The JV which will combine Maple Gold’s Douay Project and Agnico’s Joutel Project into a consolidated joint property package comes along with an exploration funding commitment of up to C$18 million. The commitment is solely funded by Agnico and will be funded over a four-year term. On formation of the JV, Maple Gold and Agnico will also each be granted a 2% NSR on the property that they contribute to the JV.

Agnico has also agreed to complete a strategic investment into Maple Gold at approximately C$0.24 per unit for gross proceeds of approximately C$6.2M and bring Agnico’s basic share ownership in Maple to 12.8% and partially-diluted ownership to 19.9%.

Fort Capital acted as financial advisor to Maple Gold on the Transaction.