07:59:50 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Maritime Resources Corp
Symbol MAE
Shares Issued 99,173,116
Close 2018-11-09 C$ 0.085
Market Cap C$ 8,429,715
Recent Sedar Documents

Maritime Resources 30,862,900-share private placement

2018-11-09 19:22 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Oct. 11, 2018.

Flow-through (FT) shares

Number of FT shares:  5,402,000 flow-through shares

Purchase price:  13 cents per flow-through share

Warrants:  2,701,000 share purchase warrants to purchase 2,701,000 shares

Warrant initial exercise price:  15 cents

Warrant term to expiry:  two years

Non-flow-through (NFT) shares

Number of NFT shares:  25,460,900 non-flow-through shares

Purchase price:  11 cents per non-flow-through share

Warrants:  12,730,450 share purchase warrants to purchase 12,730,450 shares

Warrant initial exercise price:  15 cents

Warrant term to expiry:  two years

Number of placees:  30 placees

Insiders:  Bernard Kahlert, 80,000; Dundee Resources Ltd. (also a pro group) (broker), 16,086,882; Doug Fulcher, 100,000

Total pro group involvement:  9,060,300 (eight placees)

Finders' fees:  EDE Asset Management Inc., 33,091 shares, 16,545 warrants and 33,091 broker warrants, exercisable at 11 cents for 24 months; Dundee Securities Ltd., 1,165,154 shares, 528,577 warrants and 1,165,154 broker warrants, exercisable at 11 cents for 24 months; Sprott Inc., 954,546 shares, 477,273 warrants and 954,546 broker warrants, exercisable at 11 cents for 24 months

Finder's warrant initial exercise price:  15 cents

Finder's warrant term to expiry:  two years

Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

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