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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 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

Comment by morecents7on Apr 06, 2021 9:33am
87 Views
Post# 32940640

RE:the video

RE:the videoReally informative presentation. I feel I now know why the sp haas been capped at 15 cents. I would guess that the big holders didn't want the warrants to be excercised which woukd dilute their own holdings so they made a portion of thei own shares available to keep the price low.  Just a hunch from his comments on maybe would be ok at this point to let some warrants be excercised to raise money.
The short and sweet is that it should run sooner than later.
(mind you, the comment on the huge share float made me think a reverse split migth be in the cards)
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