CAUTION: We have been advised that fraudulent emails with a modified domain name have been sent by a source purporting to be from Aird & Berlis LLP. These communications are not legitimate and are not from Aird & Berlis LLP. Disregard any such emails and do not engage with the sender or the email in any way. Please report the attempted fraud by contacting the Canadian Anti-Fraud Centre and by emailing Aird & Berlis LLP at help@airdberlis.com.

Back to all Representative Matters
Aug 21, 2020

Maritime Resources Completes $8.7 Million Bought Deal Private Placement

Jeffrey K. Merk, Melanie Cole, Liam Tracey-Raymont, Russell J. Sanders, Carol J. Burns, Barbara Worndl and Vernon Lin

Maritime Resources Corp. (TSXV: MAE), a Canadian gold mining and exploration company, completed a bought deal private placement of common shares and flow-through common shares for aggregate gross proceeds of approximately $8.7 million. Maritime Resources issued a combination of 43,367,550 common shares at $0.15 each and 11,000,000 flow-through common shares at $0.20 each.

The net proceeds of the offering will be used by Maritime Resources to facilitate the continued optimization and de-risking of the Hammerdown Gold Project in Newfoundland and Labrador, as well as allow for the company to expand its exploration programs at the Hammerdown Gold Project and its Whisker Valley gold exploration project, located within 10 kilometers northwest of the Hammerdown site.

The Aird & Berlis team representing Maritime Resources was led by Jeffrey Merk and included Melanie Cole, Liam Tracey-Raymont, Russell Sanders (Capital Markets), Carol Burns, Barbara Worndl (Tax) and Vernon Lin (Summer Student).

Areas of Expertise

Related Industries

Related Representative Matters

Representative Matters
Heat + Herb Opens Flagship Location in Vancouver Aarondeep (Aaron) S. Bains May 05, 2021 Heat + Herb, a boutique cannabis retailer, has opened its flagship location in Vancouver with the... Heat + Herb, a boutique cannabis retailer, has opened its flagship location in Vancouver with the support of Aird & Berlis.
Representative Matters
TerrAscend Closes US$70 Million Acquisition of Keystone Canna Remedies Sherri M. Altshuler, Sean Mason and Al Turnbull May 03, 2021 On May 3, 2021, TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF), a leading North American cannabis ope... On May 3, 2021, TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF), a leading North American cannabis operator, completed its acquisition of Keystone Canna Remedies for US$70 million.
Representative Matters
Small Pharma Completes $63 Million Brokered and Non-Brokered Private Placements, Qualifying Transaction and Initial Listing on the TSX Venture Exchange Richard M. Kimel, Melanie Cole, Danny Kharazmi, Sean Green, Emily Chittick and Al Turnbull May 03, 2021 Aird & Berlis acted as Canadian legal counsel to Small Pharma with a team that included Richard K... Aird & Berlis acted as Canadian legal counsel to Small Pharma with a team that included Richard Kimel, Melanie Cole, Danny Kharazmi, Sean Green (Capital Markets), Emily Chittick and Al Turnbull (Articling S...