Representative Matters

Maritime Resources Completes Brokered Private Placement


Maritime Resources Corp. (TSXV: MAE), a Canadian gold mining and exploration company, completed a brokered private placement of common shares on a “flow-through”, including the full exercise of the Agents’ over-allotment option. Maritime Resources issued 38,500,000 common shares on a “flow-through” basis at a price of $0.1794 per flow-through share.

An amount equal to the gross proceeds of the offering will be used by Maritime Resources to incur "qualifying expenditures" on the company's mineral properties in Newfoundland and Labrador.

The Aird & Berlis team representing Maritime Resources included Jeffrey Merk, Marek Lorenc, Liam Tracey-Raymont, David Mba (Capital Markets) and Carol Burns (Tax).