McFarlane's Debt Financing of US$15M Fully Subscribed
McFarlane Lake Mining (OTCQB:MLMLF) has announced that its US$15 million debt financing is now fully subscribed. This financing, along with a concurrent US$10 million equity offering, will primarily fund the acquisition of the Juby Gold Project from Aris Mining Holdings Corp.
The transaction, which includes both the Juby Properties and an interest in the Knight Properties, is expected to close on September 19, 2025. The company views this as a strategic step towards acquiring what they consider one of Ontario's premier gold properties.
McFarlane Lake Mining (OTCQB:MLMLF) ha annunciato che il suo finanziamento debitorio di US$15 milioni è ora completamente sottoscritto. Questo finanziamento, insieme a un'emissione azionaria simultanea di US$10 milioni, finanzierà principalmente l'acquisizione del Juby Gold Project da Aris Mining Holdings Corp.
La transazione, che comprende sia le Juby Properties sia una partecipazione nelle Knight Properties, dovrebbe chiudersi il 19 settembre 2025. L'azienda considera questo come un passo strategico verso l'acquisizione di una delle principali proprietà aurifere dell'Ontario.
McFarlane Lake Mining (OTCQB:MLMLF) ha anunciado que su financiamiento de deuda de US$15 millones está ahora completamente suscrito. Este financiamiento, junto con una oferta de acciones concurrente de US$10 millones, financiará principalmente la adquisición del Proyecto Juby Gold de Aris Mining Holdings Corp.
La transacción, que incluye tanto las Propiedades Juby como una participación en las Propiedades Knight, se espera que se cierre el 19 de septiembre de 2025. La empresa lo considera un paso estratégico hacia la adquisición de lo que consideran una de las principales propiedades auríferas de Ontario.
McFarlane Lake Mining(OTCQB:MLMLF)는 그의 1,500만 달러의 채무 재원 조달이 이제 전액 약정되었다고 발표했습니다. 이 재원 조달은 동시의 1,000만 달러의 지분 공모와 함께 주로 Aris Mining Holdings Corp.로부터 Juby Gold 프로젝트를 인수하는 데 자금을 제공합니다.
거래에는 Juby Properties와 Knight Properties에 대한 지분을 포함하며, 2025년 9월 19일에 마감될 예정입니다. 회사는 이를 온타리오주 최고의 금광 중 하나로 간주하는 인수에 대한 전략적 발걸음으로 보고 있습니다.
McFarlane Lake Mining (OTCQB:MLMLF) a annoncé que son financement par dette de 15 millions de dollars US est désormais entièrement souscrit. Ce financement, ainsi qu'une émission d'actions de 10 millions de dollars US, financera principalement l'acquisition du projet aurifère Juby par Aris Mining Holdings Corp.
La transaction, qui comprend les propriétés Juby ainsi qu'une participation dans les propriétés Knight, devrait être clôturée le 19 septembre 2025. L'entreprise considère cela comme une étape stratégique vers l'acquisition de ce qu'elle considère comme l'une des principales propriétés aurifères de l'Ontario.
McFarlane Lake Mining (OTCQB:MLMLF) hat bekannt gegeben, dass seine US$15 Millionen Schuldenfinanzierung jetzt vollständig beauftragt ist. Diese Finanzierung, zusammen mit einer gleichzeitigen US$10 Millionen Eigenkapitalemission, wird hauptsächlich die Übernahme des Juby Gold Projekts von Aris Mining Holdings Corp. finanzieren.
Die Transaktion, zu der sowohl die Juby Properties als auch ein Anteil an den Knight Properties gehören, soll voraussichtlich am 19. September 2025 abgeschlossen werden. Das Unternehmen sieht dies als einen strategischen Schritt zur Übernahme einer der führenden Goldprojekte Ontarios.
McFarlane Lake Mining (OTCQB:MLMLF) أعلنت أن تمويلها بالديون البالغ 15 مليون دولار أمريكي قد تم تخصيصه بالكامل الآن. هذا التمويل، جنباً إلى جنب مع عرض أسهم بقيمة 10 ملايين دولار أمريكي يتم في توقيت واحد، سيوجه أساساً لتمويل استحواذ مشروع جولد جuby من Aris Mining Holdings Corp.
الصفقة، التي تشمل كل من ممتلكات Juby وحقوق في Knight Properties، من المتوقع أن تغلق في 19 سبتمبر 2025. وتعتبر الشركة أن ذلك خطوة استراتيجية نحو الاستحواذ على إحدى أبرز ممتلكات الذهب في أونتاريو.
McFarlane Lake Mining (OTCQB:MLMLF) 已宣布其 1500 万美元的债务融资现已全部认购。这项融资，以及同期 1000 万美元的股票发行，将主要用于从 Aris Mining Holdings Corp. 收购 Juby Gold Project。
该交易包括 Juby Properties 以及对 Knight Properties 的权益，预计将于 2025 年 9 月 19 日 完成。公司认为这是朝着收购安大略省一处顶级金矿之一迈出的战略步骤。
- Successful subscription of US$15 million debt financing
- Additional US$10 million equity offering in progress
- Strategic acquisition of Juby Gold Project, a premier Ontario gold property
- Clear closing timeline set for September 19, 2025
- Significant debt burden with new US$15M financing
- Potential dilution from concurrent US$10M equity offering
COMPANY ACHIEVES FIRST STEP TO FUND ITS ACQUISITION OF THE JUBY GOLD PROJECT
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
TORONTO, ON / ACCESS Newswire / September 15, 2025 / McFarlane Lake Mining Limited (CSE:MLM)(OTCQB:MLMLF) ("McFarlane Lake" or the "Company"), a Canadian gold exploration and development company, is pleased to announce that, further to its press release of August 25, 2025 (the "August News Release"), its previously announced US
The proceeds raised pursuant to the Debt Financing will be used to fund the cash portion of the Company's proposed acquisition of the Juby Properties and an interest in the Knight Properties (together "the Juby Gold Project") from Aris Mining Holdings Corp. ("AMHC"), as outlined in the asset purchase agreement dated July 7, 2025 (the "APA") among the Company, Aris Mining Corporation and AMHC.
The August News Release also announced the concurrent equity offering of common shares for gross proceeds of up to US
"This is a significant step toward completing McFarlane Lake's acquisition of the Juby Gold Project", said Mark Trevisiol, CEO and Chairman of the Company, adding "I would like to thank those who have agreed to participate in the Debt Financing, our team is excited to close the acquisition and to start advancing and developing what I believe is one of Ontario's premier gold properties."
About McFarlane Lake Mining
McFarlane Lake is a gold exploration company focused on acquiring the Juby Gold project near Gowganda, Ontario. The exploration and development of the past producing McMillan Gold Mine property and Mongowin gold property located 70 km west of Sudbury, Ontario. The exploration of the High Lake mineral property located immediately east of the Ontario-Manitoba border and the West Hawk Lake mineral property located immediately west of the Ontario-Manitoba border. In addition, McFarlane Lake owns the Michaud/Munro mineral properties 115 km east of Timmins. McFarlane Lake is a "reporting issuer" under applicable securities legislation in the provinces of Ontario, British Columbia and Alberta.
To learn more, visit: https://mcfarlanelakemining.com/
Additional information on McFarlane Lake can be found by reviewing its profile on SEDAR+ at www.sedarplus.com.
Advisors
Wildeboer Dellelce LLP is acting as legal counsel for McFarlane Lake. Cassels Brock & Blackwell LLP is acting as legal counsel for the Lenders. Fasken Martineau DuMoulin LLP is acting as legal counsel for AMHC.
Cautionary Note Regarding Forward-Looking Information:
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation, including, without limitation, statements with respect to: the terms of the Debt Financing and the Equity Offering; the anticipated timing and completion of the Debt Financing, the Equity Offering and the acquisition of the Juby and Knight Properties; the intended use of proceeds from the Debt Financing and the Equity Offering; the negotiation and execution of definitive documentation; the receipt of required regulatory and stock exchange approvals; and statements made by management regarding the potential of the Juby and/or Knight Properties, expectations for the gold market, and the Company's ability to advance the Juby and/or Knight Properties into production. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", "is expected", "anticipates" or "does not anticipate", "plans", "believes" or "intends", or variations of such words and phrases, or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of McFarlane Lake to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated as of November 27, 2024, which is available for view on SEDAR+ at www.sedarplus.com. Forward-looking statements contained herein are made as of the date of this press release and McFarlane Lake disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise.
There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
The securities issuable in connection with the Debt Financing and the Equity Offering have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.
Further Information
For further information regarding McFarlane Lake, please contact:
Mark Trevisiol,
Chief Executive Officer, Chairman
McFarlane Lake Mining Limited
(705) 665-5087
mtrevisiol@mcfarlanelakemining.com
SOURCE: McFarlane Lake Mining Limited
View the original press release on ACCESS Newswire
FAQ
How much debt financing did McFarlane Lake Mining (MLMLF) secure for the Juby Gold Project?
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What is the total funding package for McFarlane's Juby Gold Project acquisition?
What assets are included in McFarlane's Juby Gold Project acquisition?
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