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Maritime closes purchase of Nugget Pond gold circuit - Canadian Mining Journal

Maritime closes purchase of Nugget Pond gold circuit
April 13, 2021
As
Maritime Resources (TSXV: MAE) completes a feasibility study for the past-producing Hammerdown gold project in Newfoundland and Labrador, the company has closed the purchase of the Nugget Pond gold circuit from
Rambler Metals and Mining (AIM: RMM). This mill facility includes a carbon-in-pulp circuit, also lies in the Baie Verte district and is 140 km by highway from Hammerdown. Nugget Pond was built by Richmont Mines in 1995, last operated as a gold plant in 2012 and previously processed Hammerdown ore.
Maritime and Rambler originally entered into a letter of intent in December 2020, which outlined the terms of Maritime’s acquisition of the Nugget Pond facility, as well as Canadian exploration properties and royalties. Consideration includes Maritime assuming liabilities associated with the assets purchased, a US$2-million cash payment and the issue of 3.6 m ....

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Small Cap Feast - Thor Explorations; Imperial X; Emmerson; Vast Resources; Circle Property

Small Cap Feast - Thor Explorations; Imperial X; Emmerson; Vast Resources; Circle Property
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.

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Maritime Resources Corp.: Maritime Resources Announces Proceeds of $1.94 Million from Exercise of Warrants

Maritime Resources Corp.: Maritime Resources Announces Proceeds of $1.94 Million from Exercise of Warrants
Toronto, Ontario (Newsfile Corp. - April 13, 2021) -
Maritime Resources Corp. (TSXV: MAE) ( Maritime or the Company ) is pleased to announce the exercise of 12,959,357 common share purchase warrants for gross proceeds of $1.94 million. Each common share purchase warrant was exercisable for one whole common share of the Company, for a period of two years at an exercise price of $0.15. The warrants were issued in connection with a non-brokered private placement announced on March 14, 2019. Maritime currently has 7.9 million common share purchase warrants outstanding.
This infusion of cash further strengthens Maritime s balance sheet, which following the close of Tembo Capital s private placement and the purchase of the Nugget Pond gold circuit announced earlier today brings the Company s current cash position to $11.5 million, commented Garett Macdonald, Pres ....

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Rambler Metals and Mining PLC moves higher after selling unwanted assets to Canada's Maritime

Rambler Metals and Mining PLC moves higher after selling unwanted assets to Canada's Maritime
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.

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Rambler Metals and Mining closes sale agreement with Maritime | 13 April 2021

Rambler Metals and Mining closes sale agreement with Maritime | 13 April 2021
stockmarketwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stockmarketwire.com Daily Mail and Mail on Sunday newspapers.

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