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%).

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Maritime Resources Corp > Gold Resource Corp/

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Comment by nozzpackon Oct 05, 2024 11:23am

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Post# 36254485

RE:RE:RE:RE:RE:Gold Resource Corp/

If Palmiere exercised his rights , he now holds about 65 million shares.

Dundee, if they exercise their 53 m warrants would own about 415 million .

Combined, those would give Dundee controlling shareholder.

Basically, with Palmiere as Chairman, Dundee is now calling the shots.

What they plan to do with majority ownership can only be speculated , but it seems most likely that is why Maritime has been in a news blackout for a month .

Perhaps the coming week we might see some development news..

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