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Maritime Resources Corp V.MAE

Alternate Symbol(s):  MRTMF

Maritime Resources Corp. is a Canada-based gold exploration and development company. The Company is focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador, a top tier global mining jurisdiction. The Company holds a 100% interest directly and subject to option agreements entitling it to earn 100% ownership in the Green Bay Property, which includes the former Hammerdown gold mine and the Orion gold project. It also controls over 439 square kilometers (km2) of exploration land including the Green Bay, Whisker Valley, Gull Ridge and Point Rousse projects. Mineral processing assets owned by the Company in the Baie Verte mining district include the Pine Cove mill and the Nugget Pond gold circuit. The Point Rousse Project covers an area of approximately 54 km2. The Company also owns the Lac Pelletier gold project in Rouyn Noranda, Quebec. Its wholly owned subsidiary is 2823988 Ontario Corp.


TSXV:MAE - Post by User

Bullboard Posts
Post by Stock20on Apr 11, 2019 3:15pm
50 Views
Post# 29614693

Good news: PP increase to 6.25M

Good news: PP increase to 6.25MThis is Eric Sprott stock. PP might close even higher.

Maritime Announces an Increase to Its Previously Announced Non-Brokered Private Placement from up to $5,000,000 to up to $6,250,000

Toronto, Ontario--(Newsfile Corp. - April 9, 2019) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce that is has increased the size of its previously announced non - brokered private placement from up to $5 million to up to $6.25 million through the issuance of a combination of units (the "Units") at a price of $0.10 per Unit and flow-through units (the "FT Units") at a price of $0.12 per FT Unit (the "Offering").

The other terms of the Offering, including the composition and attributes of the Units and FT Units, the appointment of certain advisors to the Company in connection with the Offering and the use of proceeds of the Offering are set out in the press release of the Company dated March 14, 2019, which is available on SEDAR at www.sedar.com.

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