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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 shiftyoneon Aug 07, 2024 2:23pm
55 Views
Post# 36167947

RE:RE:RE:RE:RE:Outstanding NEWS

RE:RE:RE:RE:RE:Outstanding NEWSI have the same sentiment as you MAKEITBACK.


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"This represents about a 33% increase in our share dilution, meaning the 3.4 cent price is about right after the dilution. We are going to have 600 million shares out, then a 10 for 1 split. We will own one tenth the shares at a price of about 34 cents for as long as that lasts. I can't call it good news."

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Not exactly though.  We currently have 600 million shares outstanding.  Add 40% to that.  And we will have 840 million out not taking into account the reverse split.
 
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