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Maritime Resources Corp. Completes $8.7 Million Offering

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Sprott Capital Partners LP

On August 21, 2020, Maritime Resources Corp. (“Maritime”) announced the completion of a $8.7 Million offering led by Sprott Capital Partners LP (“Sprott”). Pursuant to the offering, (i) 43,367,550 common shares (the “Common Shares”) were issued at an offer price of $0.15 per Common Share and (ii) 11,000,000 common shares (the “FT Shares”) issued on a flow-through basis at an offer price of $0.20 per FT Share. The gross proceeds from the sale of the flow-through units will be used for general corporate and working capital purposes.

Fasken advised Sprott, on behalf of a syndicate of underwriters, with a team including John Turner, Gesta Abols, Brad Freelan, Russell Lindzon, Ryan Kleinman, Gurinder Gujral and Mitchell Thaw.



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