Representative Matters

Maritime Resources Corp. Completes $20-Million Brokered Private Placement

On April 9, 2025, Maritime Resources Corp. (TSXV: MAE), a Canadian gold exploration and development company, announced the closing of its brokered "best efforts" private placement of units for aggregate gross proceeds of $20 million.

The offering was conducted by Paradigm Capital Inc., which acted as lead agent and sole bookrunner on a “best efforts” agency basis, together with SCP Resource Finance LP (together with Paradigm, the “Agents”). The net proceeds of the offering will be used for exploration and development, and general working capital purposes.

Aird & Berlis represented Maritime Resources Corp. with a team led by Jeffrey Merk and Adria Leung Lim and including Ryan Cohen and Ali Kwinter (Capital Markets).