Maritime Resources Corp. Completes Private Placement of Common Shares and Warrants
On March 25, 2024, Maritime Resources Corp. (TSXV: MAE), a Canadian gold exploration and development company, completed a non-brokered private placement of common shares and common share purchase warrants to Firefly Metals Ltd. In addition, Maritime entered into a port access agreement with Firefly, granting port facility access to Firefly at Maritime's Point Rousse project for the purpose of storing and exporting copper concentrates.
The net proceeds of the offering are expected to be used for the advancement and development of Maritime's fully permitted Hammerdown Gold Project in Newfoundland and Labrador and for working capital and general corporate purposes.
Aird & Berlis represented Maritime with a team led by Jeffrey Merk and including Russell Sanders and Karlie Nordstrom.