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Apr 13, 2021
Maritime Resources Announces Closing of Strategic Investment by Tembo Capital
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 for a total investment of $4,000,100 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).