McFarlane Lake Mining Secures Full Subscription for US$15 Million Debt Financing

McFarlane Lake Mining Limited has announced the full subscription of its previously announced US$15 million debt financing. This funding marks a critical step toward acquiring the Juby Gold Project from Aris Mining Holdings Corp. The financing will cover the cash portion of the acquisition, as detailed in the asset purchase agreement from July 7, 2025.

Alongside the debt financing, McFarlane has planned an equity offering targeting gross proceeds of up to US$10 million. Both financial instruments are set to close around September 19, 2025, with proceeds primarily funding the Juby Gold Project acquisition.

CEO Mark Trevisiol expressed gratitude for the participation in the financing, emphasizing the company's eagerness to advance the Juby Gold Project, touted as one of Ontario's premier gold properties.