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Bullboard - Stock Discussion Forum 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... see more

TSXV:MAE - Post Discussion

Maritime Resources Corp > The pitfall of when Firefly invested.
View:
Post by shiftyone on Oct 02, 2024 11:51pm

The pitfall of when Firefly invested.

The real downside to that $2.5 million dollar financing at .05 and no warrants.

Firefly now has all they need from Maritime.

They have no need to want to buy out Maritime.  What they needed was the port access and storage space.

Desperate times call for desperate measures.

They got what they wanted and needed.  Probably for less than a million dollars.
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Maritime Resources Corp