Maritime Resources Corp V.MAE

Alternate Symbol(s): MRTMF

Metals & Mining Gold

Maritime Resources Corp. is a Canada-based gold exploration and development company focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador. 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 controls over 439 square kilometers (km2) of exploration land including the Green Bay, Whisker Valley, Gull Ridge and Point Rousse projects. The Company owns mineral processing assets in the Baie Verte mining district, which include the Pine Cove mill and the Nugget Pond gold circuit. It also owns the Lac Pelletier gold project in Rouyn Noranda, Quebec. Its land holding, across all its properties, covers an area of approximately 43,925 hectares, of which the Company holds a 100% mineral rights interest in 37,050 hectares with the remaining 2,175 hectares under option agreements (100%).

TSXV:MAE - Post by User

Maritime Resources Corp

Bullboard Posts

Comment by fedor604on Jan 27, 2020 8:05pm

127 Views

Post# 30606023

RE:With about 264 million shares outstanding, fully diluted

NineLives wrote: MAE will have to consolidate at some point because financings at these levels will just further dilute the share price. If I was management and I cared for shareholders and not my salary I would be approaching other firms to talk merger/takeover to at least see these claims mined. But hey that's me because i still have morals and a conscience!

maybe they merge with ANX as they have enough fundings for 2020.

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