07:29:58 EST Fri 05 Dec 2025
Enter Symbol
or Name
USA
CA



McLaren Resources Inc
Symbol MCL
Shares Issued 91,383,511
Close 2025-12-04 C$ 0.06
Market Cap C$ 5,483,011
Recent Sedar Documents

McLaren arranges $299,000 private placement

2025-12-05 04:36 ET - News Release

Mr. Radovan Danilovsky reports

MCLAREN ARRANGES EXPLORATION FINANCING

McLaren Resources Inc. has arranged a non-brokered private placement financing consisting of 4.6 million flow-through units. The flow-through units are to be issued at a price of 6.5 cents per unit, with each FT unit consisting of one common share in the capital of McLaren issued on a flow-through basis pursuant to the Income Tax Act (Canada) and one-half of one common share purchase warrant. Each whole warrant is exercisable into one common share at a price of 10 cents for a period of 24 months from the date of issuance.

Gross proceeds from the financing will be used by McLaren for exploration work on the company's properties which are located in the prolific Timmins gold region of Northeastern Ontario, Canada, where well over 70 million ounces of gold have been produced to date.

About McLaren Resources Inc.

McLaren is focused on exploration work on its gold properties in the Timmins gold region of Northeastern Ontario. McLaren owns a 100-per-cent interest in the past-producing 640-hectare Blue Quartz gold mine property, as well as the 1,770-hectare McCool gold property and the 775-hectare Kerrs gold property located approximately 80 kilometres east of Timmins city centre along the Destor-Porcupine deformation zone, which is host to many of the gold deposits within the Abitibi greenstone belt. The Blue Quartz gold property neighbours notable gold properties such as the Fox mine, the Fenn-Gib project and the former Ross mine. It borders GFG Resources' Goldarm gold property to the north and Onyx Gold Corp.'s Argus project to the east. The McCool property neighbours several gold projects and covers five km along the Centre Hill fault.

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