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Feb 9, 2022

Maritime Resources Corp. Completes Sale of Royalty Portfolio

Jeffrey K. Merk and Ryan Cohen

Maritime Resources Corp. (TSXV: MAE), a Canadian gold mining and exploration company, has closed an asset sale transaction with Nomad Royalty Company Ltd. Maritime Resources sold a portion of its royalty portfolio to Nomad for cash and Nomad common shares.

As part of the asset sale process, a right of first refusal associated with one of the royalties being sold was exercised, and the applicable royalty was sold for cash.

Aird & Berlis represented Maritime Resources with a team including Jeffrey Merk and Ryan Cohen. 

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