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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

Post by shiftyoneon Aug 07, 2024 7:44pm
100 Views
Post# 36168602

Neither NFG or MNXNF are involved.

Neither NFG or MNXNF are involved.Neither NFG or Firefly are involved in this money raising.  Except for some rights that Firefly may get.  Why not?

Are they just sitting back waiting for the company to fail and then come in like vultures?  Or do they not see the value in this company?

8 million is significant, but really nothing.

It will take us to early 2025 in my opinion.  We will get the same news releases then about near term production.  But they will be broke again, and the notes from August 2023, I think dated from June 2023, will soon be due.

So, after the reverse split and when they are broke again in February.  Would they be able to raise enough money to keep going, say 5 million, and pay off the notes which will be require I don't know $7 million?

It is starting to look more and more like SGNL.


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