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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 nozzpackon Nov 02, 2024 4:36am
93 Views
Post# 36293415

$300 Million US Funding Prospectus by NFG

$300 Million US Funding Prospectus by NFG

It has been stated on NFG BB that bulk mining of Queensway will start in 2025 as soon as the Pine Cove mill is through its commissioning phase based on milling 4000 ounces of stock piles.

Is this why Maritime is planning to expand Pine Cove mill later in 2025



$300 million US Prelimiary Prospectus

A very broad based kitchen sink type use of funds including sales by major security holders .....

Xxxx
 

 Secondary Offering
August 1, 2024
PRELIMINARY SHORT FORM BASE SHELF PROSPECTUS
 NEW FOUND GOLD CORP.
Up to US$300,000,000
 
Common Shares Warrants Subscription Receipts Units
Debt Securities Share Purchase Contracts

 This short form base shelf prospectus relates to the offering for sale from time to time, during the 25-month period that this short form base prospectus, including any amendments hereto, remains effective, of the securities of New Found Gold Corp. (the “Company”, “New Found”, “NFG”, “we”, “us” or “our”) listed above in one or more series or issuances, with a total offering price of such securities, in the aggregate, of up to US$300,000,000.

The securities may be offered by us or by our securityholders.
( who ?....PALI, ES, CK 


The securities may be offered separately or together, in amounts, at prices and on terms to be determined based on market conditions at the time of the sale and set forth in an accompanying prospectus supplement.

 
In addition, the securities may be offered and issued in consideration for the acquisition of other businesses, assets or securities by the Company or a subsidiary of the Company.
(Which ? Maritime ?)

The consideration for any such acquisition may consist of any of the securities separately, a combination of securities or any combination of, among other things, securities, cash and the assumption of liabilities
 

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