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 > It would be nice but not unexpected if..

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Comment by shiftyoneon Aug 29, 2024 4:40pm

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Post# 36201889

RE:RE:It would be nice but not unexpected if..

Ps.

This financing that was arranged at a price of 0.034 cents (just a little more than half the stock price 2 months ago). MAE will have to pay probably about $500 000 in finders fees to get someone to raise money at that price. And total share dilution for that will be about 300 million shares when you factor in the warrants. Nice job.

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