2003 News Releases
Maple Closes Financing
October 28, 2003
TORONTO, Ontario (October 28, 2003) – Maple Minerals Corp. (“Maple”) (TSXV: MPM) is pleased to announce that it has closed its financing, which was announced on October 9, 2003. The financing provides for the placement of up to 2,500,000 units at $0.25 per unit. Each unit is comprised of one common share of Maple and one-half share purchase warrant, each whole share purchase warrant entitling the holder to acquire one common share of Maple at $0.50 on or before October 28, 2005. Securities issued pursuant to the financing have a four month hold period which expires on February 29, 2004. Brownstone Resources Inc., a principal shareholder of Maple, subscribed for 600,000 of the units.
Maple is a Toronto based resource company with various properties in Ontario and Quebec.
The TSX Venture Exchange does not take responsibility for the adequacy or accuracy of this release.
L.M. (Gino) Falzone