McFarlane Lake Secures Financing for Juby Gold Project Acquisition

McFarlane Lake Mining Limited has announced plans for up to US$25 million in financing to support its acquisition of the Juby Gold Project. A bridge financing of up to US$15 million will be secured from a group of lenders. Concurrently, the company will initiate a non-brokered equity offering of up to US$10 million. These funds will facilitate the acquisition of the Juby and Knight Properties from Aris Mining Holdings Corp.

The bridge financing will be structured with debt instruments and warrants, offering holders the option to purchase common shares at C$0.15 each. Additionally, McFarlane plans to issue common shares to Aris Mining Holdings Corp., resulting in their 19.9% ownership of McFarlane. Completion of these transactions is planned for September 2025, subject to regulatory approvals.