Maple Pricing Minor Follow On

Maple Energy, an integrated energy company with assets in Peru, is set to price Friday ordinary shares at $0.01 each to institutional investors in a private placement for aggregate gross proceeds of approximately $20m. Maple intends to use proceeds to repay costs of acquiring approximately 3.1% in economic and voting interest in Aguaytia Energy, as well as fund capital expenditures associated with a proposed Peruvian ethanol project. Canaccord Adams and Mirabaud Securities are the leads, with BCP as a co-manager.