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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 > management options
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Comment by shiftyoneon Feb 29, 2024 4:52pm
64 Views
Post# 35907651

RE:RE:management options

RE:RE:management optionsWell if they do buy it for $20 million, which I'm skeptical about.  They will have to pay the money owed for the $5 million Us, or close to $7 million Cdn note from the last financing.  Plus fees and severance.  So that would leave about $12 million Cdn for shareholders.... or 2.5 cent.  

I'm not bashing... I have a significant number of shares.

But I'm not a happy shareholder right now either.
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