Ms. Janice Davies reports
Maritime Resources Corp. has authorized management to proceed with a loan arrangement for a term of one year whereby the company will borrow $397,000. Under the terms of the loan agreement, lenders will be paid 10-per-cent interest and will receive a 20-per-cent bonus, payable in shares of the company at a deemed price of 20 cents per share. The proceeds will be used to continue exploration work on the company's Green Bay property, Newfoundland, and for general working capital. This transaction is subject to the approval of the TSX Venture Exchange.
We seek Safe Harbor.