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Maritime Resources Corp
Symbol MAE
Shares Issued 131,953,807
Close 2019-02-07 C$ 0.11
Market Cap C$ 14,514,919
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Maritime CFO Makela resigns, Coombs appointed

2019-02-07 18:18 ET - News Release

Mr. Garett Macdonald reports

MARITIME ANNOUNCES MANAGEMENT CHANGES

The following management changes of Maritime Resources Corp. have occurred:

  • Niina Makela has resigned as Maritime's chief financial officer.
  • Germaine M. Coombs, CPA, CMA, has been appointed as Maritime's chief financial officer.
  • Jacqueline Collins has resigned as Maritime's corporate secretary.
  • Lorna D. MacGillivray, LLB, has been appointed as Maritime's corporate secretary.

Maritime's president and chief executive officer, Garett Macdonald, stated: "I would like to thank Niina and Jackie, on behalf of Maritime and its board, for their contributions to the company as Maritime's chief financial officer and corporate secretary, respectively, and for their assistance with the transition to a new management team. I am also pleased to welcome Germaine and Lorna to Maritime and look forward to working with them as we advance the Hammerdown gold project in Newfoundland and Labrador."

Ms. Coombs also serves as vice-president and chief financial officer of Aurelius Minerals Inc. and previously was the vice-president and chief financial officer for Stonegate Agricom Ltd. from August, 2010, until July, 2017. Prior to this, she was corporate controller for FNX Mining Company Inc. from August, 2004, to May, 2010. From 1998 to 2004, she held progressively senior accounting roles at the Iron Ore Company of Canada, a Rio Tinto company. Ms. Coombs brings over 20 years of extensive financial and commercial experience predominantly in the mining and resource industry, leading finance teams through different stages of project financing, construction and operations.

Ms. MacGillivray also serves as corporate secretary of Aurelius Minerals and previously was the vice-president, secretary and general counsel for Stonegate Agricom Ltd. from August, 2008, until July, 2017. Prior to that, she was assistant secretary of Thompson Creek Metals Company Inc. from May, 2007, to May, 2011. Previously, she was corporate secretary and general counsel of Glencairn Gold Corp. from November, 2003, to January, 2008. Ms. MacGillivray has 30 years of in-house legal and corporate secretarial experience for mining companies, including Campbell Resources Inc., Zemex Corp. and Northgate Exploration Ltd.

About Maritime Resources Corp.

Maritime Resources holds a 100-per-cent interest in the Green Bay property, including the former Hammerdown gold mine, located near Springdale, Nfld., Canada.

We seek Safe Harbor.

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