Mega Uranium Mining & Exploration in  Canada, Cameroon, Australia, Argentina, Bolivia, Columbia and Mongolia.

2020 News Releases

2019 News Releases

2018 News Releases

2017 News Releases

2016 News Releases

2015 News Releases

2014 News Releases

2013 News Releases

2012 News Releases

2011 News Releases

2010 News Releases

2009 News Releases

2008 News Releases

2007 News Releases

2006 News Releases

2005 News Releases

2004 News Releases

2003 News Releases

2002 News Releases

2001 News Releases


Mega Uranium Ltd.
217 Queen Street West, Suite 401
Toronto, Ontario, Canada
M5V 0R2

Phone 416.643.7630
Fax 416.941.1090

Signup for email alerts

2004 News Releases

Maple Closes $2.7 Million Financing

March 16, 2004

TORONTO, Ontario (March 16, 2004) – Maple Minerals Corp. (“Maple”) (TSXV: MPM) is pleased to announce that it has raised $ 2,710,198.55 pursuant to its financing originally announced on February 23, 2004. In connection with the financing Maple issued, subject to final TSX Venture approval, 3,474,922 non flowthrough units at a price of $0.65 per non flow-through unit (for a total of $2,258,699.30 in non flowthrough funds), and 601,999 flow-through units at a price of $0.75 per flow-through unit (for a total of $451,499.25 in flow-through funds). Each non flow-through unit consists of one common share and one-half of one share purchase warrant. Each whole share purchase warrant entitles the holder to acquire one common share at an exercise price of $0.90 for a period of 18 months from closing. Each flow through unit cons ists of one flow-through common share and one-half of one flow-through share purchase warrant. Each whole flow-through share purchasewarrant entitles the holder to acquire one common share at an exercise price of $1.00 for a period of 18 months from closing. Securities issued pursuant to the financing have a 12 month hold period; however assuming proposed securities le gislation becomes effective on March 30, 2004, as previously announced by regulatory authorities, the securities will have a four month hold period which expires on July 13, 2004.

Toll Cross Securities Inc. acted as lead agent in the financing.

Proceeds of the sale of the units will be used for exploration of the Corporation’s properties and for general corporate purposes.

Maple is a Toronto based resource company with properties in Africa and Canada. For more information about Maple, please visit the company’s website at This news release contains forward-looking statements within the meaning of the “safe harbour” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause Maple’s results to differ materially from expectations. These include risks relating to market fluctuations, property performance and other risks.

These forward-looking statements speak only as of the date hereof. Maple disclaims any intent or obligation to update these forward-looking statements.

The TSX Venture Exchange does not take responsibility for the adequacy or accuracy of this release.

Contact: L.M. (Gino) Falzone President (416) 941-9600