Representative Matters

Maritime Resources Announces Closing of Strategic Investment by Tembo Capital

Overview

Maritime Resources Corp. (TSXV: MAE), a Canadian gold mining and exploration company, closed a strategic investment by Tembo Capital. Tembo has acquired 30,770,000 Common Shares, at a price of $0.13 per Common Share via a non-brokered private placement. Tembo also acquired 1,846,200 common share purchase warrants (the “Warrants”), with each Warrant being exercisable into one Common Share at a price of $0.1794 per Common Share until April 12, 2023.

Aird & Berlis represented Maritime Resources with a team including Jeffrey Merk, Liam Tracey-Raymont and David Mba (Capital Markets).