{"id":176274,"date":"2026-08-20T22:56:25","date_gmt":"2026-08-20T22:56:25","guid":{"rendered":"https:\/\/www.europesays.com\/canada\/176274\/"},"modified":"2026-08-20T22:56:25","modified_gmt":"2026-08-20T22:56:25","slug":"mcfarlane-lake-secures-15-3-million-bought-deal-placement","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/canada\/176274\/","title":{"rendered":"McFarlane Lake secures $15.3 million bought deal placement"},"content":{"rendered":"

\t\t\t\t\"McFarlane\t\t\t<\/p>\n

McFarlane Lake Mining<\/a> (CSE:MLM) has entered into a bought deal private placement to raise C$15 million ($15.3 million) for exploration at its Juby Gold Project in Ontario, Canada.<\/p>\n

The company has agreed with ATB Cormark Capital Markets<\/a>, as lead underwriter and sole bookrunner, to issue 20.95 million flow-through shares at C$0.525 per share for gross proceeds of C$11 million, and 10.53 million common shares at C$0.38 each for gross proceeds of C$4 million.<\/p>\n

The underwriters have an option to purchase up to an additional 5.92 million common shares at C$0.38 each for additional gross proceeds of up to C$2.25 million.<\/p>\n

McFarlane Lake will use the flow-through proceeds for eligible Canadian exploration expenses at Juby. The net proceeds from the common shares will be used for working capital and general corporate purposes.<\/p>\n

The offering is expected to close on or about 9 September 2026, subject to regulatory approvals.<\/p>\n

The Juby Gold Project holds an inferred mineral resource of 5.06 million ounces (Moz) of gold (Au) @ 0.87g\/t contained in 180.67 million tonnes (Mt), and indicated resources of 1.14Moz @ 0.95g\/t Au contained in 37.17Mt, using a long-term gold<\/a> price of US$3,600 ($5,059) per ounce.<\/p>\n

McFarlane Lake Mining<\/a> is a Canadian gold<\/a> exploration company advancing a portfolio of 100%\u2011owned Ontario assets.<\/p>\n

Write to JC Villarba<\/a> at Mining.com.au<\/a><\/p>\n

Images: McFarlane Lake Mining<\/p>\n

Add to Watch List:Gold<\/p>\n

\"Author<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"McFarlane Lake Mining (CSE:MLM) has entered into a bought deal private placement to raise C$15 million ($15.3 million)…\n","protected":false},"author":2,"featured_media":176275,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[55831,17,27538,4614,1632,1451],"class_list":["post-176274","post","type-post","status-publish","format-standard","has-post-thumbnail","category-canada","tag-assets","tag-canada","tag-capital-markets","tag-deal","tag-gold","tag-private-placement"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/176274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/comments?post=176274"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/176274\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/176275"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=176274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=176274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=176274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}