Maritime Resources Launches $8M Backed Rights Offering

Maritime Resources (TSE:MAE) has released an update.

Maritime Resources Corp. has launched an $8 million Rights Offering backed by Dundee Corporation, aimed at raising funds for the Pine Cove mill upgrade, a revised feasibility study for the Hammerdown Gold Project, and drilling at the Stog’er Tight deposit. Shareholders of Maritime can buy new shares at a discounted rate, with Dundee Corporation committing to purchase any remaining shares to ensure the target is met.

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