Maritime Resources (TSE:MAE) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Maritime Resources Corp. successfully closed an $8 million rights offering, backed by Dundee Corporation, to fund the upgrade of their Pine Cove mill, advance the Hammerdown Gold Project, and for general corporate purposes. Dundee, in exchange for ensuring the offering’s success, acquired a significant share of Maritime’s common shares totaling 37.7% ownership and received additional compensation warrants.
For further insights into TSE:MAE stock, check out TipRanks’ Stock Analysis page.
