Each Unit is comprised of one common share (each, a 'Share') and one common share purchase warrant (each, a 'Warrant'), with each Warrant entitling the holder to acquire one Share (each, a 'Warrant Share') at a price of
In connection with the Offering, the Company paid a cash commission of
The net proceeds of the Offering will be used to fund general and working capital purposes.
All securities issued pursuant to the Offering are subject to a hold period of four months plus a day from the date of issuance prescribed by the Exchange and the resale rules of applicable securities legislation.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in
About
Maritime holds a 100% direct interest, subject to option agreements entitling it to earn 100% ownership, in the Green Bay Property in
Contact:
Tel: (416) 365 - 5321
Caution Regarding Forward-Looking Statements
Certain of the statements made and information contained herein is 'forward-looking information' within the meaning of National Instrument 51-102 Continuous Disclosure Obligations of the Canadian Securities Administrators. These statements and information are based on facts currently available to the Company and there is no assurance that actual results will meet management's expectations. Forward-looking statements and information may be identified by such terms as 'anticipates', 'believes', 'targets', 'estimates', 'plans', 'expects', 'may', 'will', 'could' or 'would'. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking statements in this news release include without limitation, the use of proceeds of the Offering and the final approval of the Exchange for the Offering, among others. All forward-looking information contained in this press release is given as of the date hereof, and is based on the opinions and estimates of management and information available to management as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws.
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