2005 News Releases
Maple Announces Amendment to Private Placement
TORONTO, ONTARIO, February 22, 2005 – Maple Minerals Corp. ("Maple") (TSXV: MPM) announced today that it is increasing the maximum size of its previously announced non-brokered private placement financing by 2,000,000 units. Pursuant to the financing, Maple will now issue between 4,000,000 units and 10,000,000 units at a price of $0.75 per unit for aggregate gross proceeds of up to $7,500,000. Each unit will consist of one common share and one-half of one share purchase warrant. Completion of the financing is subject to the approval of the TSX Venture Exchange. Further details of the private placement, including
the terms of the share purchase warrants and the proposed insider participation, are disclosed in the February 21, 2005 press release of Maple.
Maple Minerals Corp. is a Toronto based resource company with properties in Africa, Canada, and the Dominican Republic. For more information about Maple, please visit the company’s website at www.mapleminerals.com.
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 and cautions investors from placing undue reliance on forward-looking statements. Maple does have an ongoing obligation to disclose material information as it becomes available.
The TSX Venture Exchange does not take responsibility for the adequacy or accuracy of this release.
L.M. (Gino) Falzone