On March 22, 2021, Maritime Resources Corp. completed a brokered private placement of 38,500,000 flow-though shares at a price of $0.1794 per flow-through share for gross proceeds of approximately $6.9 million, which included the full exercise of the agents’ over-allotment option.
The offering was led by Canaccord Genuity Corp. on behalf of a syndicate of agents, including Dundee Goodman Merchant Partners, a division of Goodman & Company, Investment Counsel Inc., Sprott Capital Partners LP and iA Private Wealth Inc.
Cassels acted for the agents.