Maritime Resources reports that assay results have been received from the 16-hole, 2,600 metre drill program at the Hammerdown deposit near Springdale, NL. First results from the on-going trench sampling have also been received. The 2012 field work is part of an extended program to establish mineable gold resources on the Company's Green Bay [...]
Maritime announces it intends to raise approximately $970,000 to finance exploration on the Company's Green Bay Property in Newfoundland. The financing will consist of a non-brokered private placement of flow-through shares and non flow-through units. The flow-through financing will comprise up to 2,500,000 shares at $0.25 per FT Share. The non [...]
Maritime reports that Rambler Metals & Mining of Baie Verte, Newfoundland has entered into an agreement to acquire 4,500,000 shares of Maritime, representing 17% of the company, from Commander Resources. The private transaction, priced at $0.23 per share, is scheduled to close February 15, 2012. In recognition of this strategic transaction [...]
Maritime reports that it has exercised its option to acquire 100% of the Newfoundland based Green Bay Gold Property from Commander Resources. Maritime previously held 50% of the property which was acquired in 2010 through the issuance of 12 million shares to Commander and a work commitment of $750,000 pursuant to an option agreement between the [...]
