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Mayo Lake Minerals closes first tranche, raising $231,574

Wed, 04 Nov 2026 07:31:28 -0500

Mayo Lake Minerals Inc. (CSE: MLKM) has closed the first tranche of its non-brokered private placement, issuing 4,914,357 common share units at $0.04 each and 777,778 flow-through units at $0.045 each, for aggregate gross proceeds of $231,574, according to a company statement.

Insiders participated in the offering, purchasing 2,025,650 common share units for $81,026. The transaction constituted a related party transaction under Multilateral Instrument 61-101, with the company relying on exemptions from formal valuation and minority approval requirements.

Each common share unit includes one common share and one warrant exercisable at $0.07 per share for 30 months from the final closing date.

Mayo Lake Minerals Closes First Tranche of Private Placement

Wed, 04 Nov 2026 07:30:00 -0500

Final Closing Extended to November 27, 2026

Highlights

Closes 4,914,357 Common Share Units and 777,778 Flow-Through Units for $231,574.
Insiders purchase 2,025,650 CS Units for a total of $81,026.
Proceeds allow reprocessing and reinterpretation of soil geochemistry on the Anderson Gold Trend, and inverse mag modelling on all three properties, to begin immediately.
Closing of the remainder of the $700,000 placement extended to November 27, 2026.

Ottawa, Ontario--(Newsfile Corp. - November 4, 2026) - Mayo Lake Minerals Inc. (CSE: MLKM) (Mayo or the Company) announces that, further to its press releases dated October 5, 2026, and October 7, 2026, it has closed the first tranche of

Mayo Lake Minerals Closes First Tranche of Private Placement

Wed, 04 Nov 2026 07:30:00 -0500

Final Closing Extended to November 27, 2026

Highlights

Closes 4,914,357 Common Share Units and 777,778 Flow-Through Units for $231,574.
Insiders purchase 2,025,650 CS Units for a total of $81,026.
Proceeds allow reprocessing and reinterpretation of soil geochemistry on the Anderson Gold Trend, and inverse mag modelling on all three properties, to begin immediately.
Closing of the remainder of the $700,000 placement extended to November 27, 2026.

Mayo Lake Minerals Provides Particulars of 2026 Program to Finalize Targeting for 2027 Diamond Drilling Program on the Anderson Gold Trend

Thu, 22 Oct 2026 15:10:00 -0500

Private placement of up to $700,000 underway; combination of CS and FT units

Highlights

Mayo Lake Minerals is in process of raising up to $700,000.

Flow through funds will be utilized for:
- Reprocessing and interpretating geochemical soil results to detail and prioritize up to 6 drill targets;
- 3D mag inversion to delineate buried igneous intrusions that are associated with Reduced Intrusion-related Gold Systems (disseminated and sheeted veining) and associated epithermal systems (veins).

Information collected to date at:
- Dawn Gulch and Andy Owl are indicative of RIRGS.
- Norman is indicative of epithermal veins.
- Peak and Steep Creek show the possibility of being either RIRGS, epizonal veins or a combination of

Mayo Lake Minerals Provides Particulars of 2026 Program to Finalize Targeting for 2027 Diamond Drilling Program on the Anderson Gold Trend

Thu, 22 Oct 2026 15:10:00 -0500

Private placement of up to $700,000 underway; combination of CS and FT units
Highlights
Mayo Lake Minerals is in process of raising up to $700,000.
Flow through funds will be utilized for:
Reprocessing and interpretating geochemical soil results to detail and prioritize up to 6 drill targets;
3D mag inversion to delineate buried igneous intrusions that are associated with Reduced Intrusion-related Gold Systems (disseminated and sheeted veining) and associated epithermal systems (veins).
Information collected to date at:
Dawn Gulch and Andy Owl are indicative of RIRGS.
Norman is indicative of epithermal veins.
Peak and Steep Creek show the possibility of being either RIRGS, epizonal veins or a combination of

Mayo Lake Minerals cuts flow-through unit price in private placement

Wed, 07 Oct 2026 07:56:10 -0500

Mayo Lake Minerals Inc. (CSE: MLKM) has reduced the price of flow-through units in its non-brokered private placement from $0.05 to $0.045 per unit, according to a company statement.

The maximum gross proceeds from the sale of flow-through units remain at $500,000, which at the revised price represents up to 11,111,111 units. The common share unit portion of the offering is unchanged, with a minimum of 5,000,000 common share units priced at $0.04 each, for minimum gross proceeds of $200,000. Total aggregate gross proceeds remain up to $700,000.

Each common share unit consists of one common share and one purchase warrant. Each

Mayo Lake Minerals Announces Amendment to Pricing of Flow-Through Units in Non-Brokered Private Placement

Wed, 07 Oct 2026 07:55:00 -0500

Ottawa, Ontario--(Newsfile Corp. - October 7, 2026) - Mayo Lake Minerals Inc. (CSE: MLKM) ("Mayo" or the "Company") announces that, further to its news release dated October 5, 2026, it has reduced the issue price of the flow-through units (each, an "FT Unit") in its previously announced non-brokered private placement (the "Offering") from $0.05 to $0.045 per FT Unit. The maximum gross proceeds from the sale of FT Units remain $500,000, which, at the amended price, represents up to 11,111,111 FT Units. The common share unit portion of the Offering is unchanged and will consist of a minimum of 5,000,000

Mayo Lake Minerals Announces Amendment to Pricing of Flow-Through Units in Non-Brokered Private Placement

Wed, 07 Oct 2026 07:55:00 -0500

Ottawa, Ontario--(Newsfile Corp. - October 7, 2026) - Mayo Lake Minerals Inc. (CSE: MLKM) ("Mayo" or the "Company") announces that, further to its news release dated October 5, 2026, it has reduced the issue price of the flow-through units (each, an "FT Unit") in its previously announced non-brokered private placement (the "Offering") from $0.05 to $0.045 per FT Unit. The maximum gross proceeds from the sale of FT Units remain $500,000, which, at the amended price, represents up to 11,111,111 FT Units. The common share unit portion of the Offering is unchanged and will consist of a minimum of 5,000,000

Mayo Lake Minerals plans private placement to raise up to $700,000

Mon, 05 Oct 2026 08:01:17 -0500

Mayo Lake Minerals Inc. (CSE: MLKM) announced plans for a non-brokered private placement to raise up to $700,000 through the issuance of two types of units.

The offering includes a minimum of 5,000,000 common share units at $0.04 per unit for minimum gross proceeds of $200,000, and up to 10,000,000 flow-through units at $0.05 per unit for gross proceeds of up to $500,000. The offering is expected to close on or about November 4, 2026, and may close in one or more tranches.

Each common share unit includes one common share and one warrant exercisable at $0.07 per share for 30 months

Mayo Lake Minerals Announces Non-Brokered Private Placement of Units for up to $700,000

Mon, 05 Oct 2026 08:00:00 -0500

Ottawa, Ontario--(Newsfile Corp. - October 5, 2026) - Mayo Lake Minerals Inc. (CSE: MLKM) (Mayo or the Company) is pleased to announce its intention to complete a non-brokered private placement to raise aggregate gross proceeds of up to $700,000 (the Offering) through the issuance of a minimum of 5,000,000 common share units (each, a CS Unit) at a price of $0.04 per CS Unit for minimum gross proceeds of $200,000 and up to 10,000,000 flow-through units (each, a FT Unit and, together with the CS Units, the Units) at a price of $0.05 per FT Unit for gross proceeds of

Mayo Lake Minerals Announces Non-Brokered Private Placement of Units for up to $700,000

Mon, 05 Oct 2026 08:00:00 -0500

Ottawa, Ontario--(Newsfile Corp. - October 5, 2026) - Mayo Lake Minerals Inc. (CSE: MLKM) (Mayo or the Company) is pleased to announce its intention to complete a non-brokered private placement to raise aggregate gross proceeds of up to $700,000 (the Offering) through the issuance of a minimum of 5,000,000 common share units (each, a CS Unit) at a price of $0.04 per CS Unit for minimum gross proceeds of $200,000 and up to 10,000,000 flow-through units (each, a FT Unit and, together with the CS Units, the Units) at a price of $0.05 per FT Unit for gross proceeds of

Mayo Lake cancels share consolidation and LIFE financing offering

Mon, 31 Aug 2026 10:22:18 -0500

Mayo Lake Minerals Inc. (CSE: MLKM) has terminated its previously announced Listed Issuer Financing Exemption offering and a concurrent one-for-three consolidation of its common shares, which had been scheduled to close on or about August 28, 2026.

The cancelled offering had contemplated the issuance of common share units at $0.08 per unit and flow-through units at $0.105 per unit on a post-consolidation basis. The board concluded that proceeding on those terms would result in excessive dilution to existing shareholders relative to recent trading values.

According to a company statement, the board reviewed recent exploration developments in the Tombstone Gold Belt, Mayo's mineral

Mayo Lake Terminates Plans for Share Consolidation and LIFE Offering

Mon, 31 Aug 2026 10:20:00 -0500

Based on recent market and operational developments, the Board has determined not to proceed with the proposed LIFE financing on the previously announced terms
Key Factors Considered by the Board
Banyan Gold's Recent Nitra Results: Banyan has reported recent exploration results at its Nitra property. Mayo considers certain geological and structural features reported at Nitra relevant to its exploration model for the Anderson Gold Trend and its Reduced Intrusion-Related Gold System (RIRGS) targets;
Trail-Minto NSR: Mayo retains a 2% net smelter return (NSR) royalty on Banyan's Trail-Minto property, where Banyan has identified a high-priority exploration target;
Tombstone Gold Belt Activity: Snowline Gold,

Mayo Lake Terminates Plans for Share Consolidation and LIFE Offering

Mon, 31 Aug 2026 10:20:00 -0500

Based on recent market and operational developments, the Board has determined not to proceed with the proposed LIFE financing on the previously announced terms
Key Factors Considered by the Board
Banyan Gold's Recent Nitra Results: Banyan has reported recent exploration results at its Nitra property. Mayo considers certain geological and structural features reported at Nitra relevant to its exploration model for the Anderson Gold Trend and its Reduced Intrusion-Related Gold System (RIRGS) targets;
Trail-Minto NSR: Mayo retains a 2% net smelter return (NSR) royalty on Banyan's Trail-Minto property, where Banyan has identified a high-priority exploration target;
Tombstone Gold Belt Activity: Snowline Gold,