Maritime Announces Change of Chairman of the Board of Directors
Maritime Resources Corp. (TSXV: MRTMF) has announced a change in its Board leadership. Allen Palmiere, an existing board member, has been appointed as the new Chairman of the Board. John Hayes has stepped down as Chairman but will remain on the Board. This change is aimed at supporting the company's transition towards development, with a focus on near-term cash flow from the Hammerdown Gold Project in Newfoundland and Labrador.
The company recently closed an $8 million rights offering, backed by its largest shareholder, Dundee , which increased its ownership to approximately 43%. This investment is seen as an endorsement of Maritime's potential. The company believes that Allen Palmiere's 35 years of management experience in the mining industry will be beneficial at this stage of development.
Maritime Resources Corp. (TSXV: MRTMF) ha annunciato un cambiamento nella leadership del Consiglio. Allen Palmiere, un membro attuale del consiglio, è stato nominato nuovo Presidente del Consiglio. John Hayes si è dimesso dalla carica di Presidente, ma rimarrà nel Consiglio. Questo cambiamento è volto a supportare la transizione dell'azienda verso lo sviluppo, con un focus sul flusso di cassa a breve termine dal Hammerdown Gold Project in Newfoundland e Labrador.
L'azienda ha recentemente concluso un offerta di diritti da 8 milioni di dollari, sostenuta dal suo principale azionista, Dundee, che ha aumentato la sua partecipazione a circa il 43%. Questo investimento è visto come una conferma del potenziale di Maritime. L'azienda crede che i 35 anni di esperienza gestionale di Allen Palmiere nell'industria mineraria saranno vantaggiosi in questa fase di sviluppo.
Maritime Resources Corp. (TSXV: MRTMF) ha anunciado un cambio en la dirección de su Junta. Allen Palmiere, un miembro actual de la junta, ha sido nombrado nuevo Presidente de la Junta. John Hayes ha renunciado a su puesto de Presidente, pero permanecerá en la Junta. Este cambio tiene como objetivo apoyar la transición de la empresa hacia el desarrollo, con un enfoque en el flujo de efectivo a corto plazo del Hammerdown Gold Project en Newfoundland y Labrador.
La empresa cerró recientemente una oferta de derechos de 8 millones de dólares, respaldada por su principal accionista, Dundee, cuya propiedad ha aumentado aproximadamente al 43%. Esta inversión se considera un respaldo del potencial de Maritime. La empresa cree que la experiencia de 35 años en gestión de Allen Palmiere en la industria minera será beneficiosa en esta etapa de desarrollo.
Maritime Resources Corp. (TSXV: MRTMF)는 이사회의 리더십 변화 를 발표했습니다. Allen Palmiere는 현 이사회 멤버로 새롭게 이사회 의장으로 임명되었습니다. John Hayes는 의장직에서 물러나지만 이사회는 계속 유지됩니다. 이번 변화는 Hammerdown Gold Project의 단기 현금 흐름에 중점을 두며 회사의 개발 전환을 지원하기 위해 이루어졌습니다.
회사는 최근 최대 주주인 Dundee의 지원을 받아 80만 달러의 권리 공모를 종료했습니다. 이는 약 43%의 지분을 늘리게 되었습니다. 이 투자는 Maritime의 잠재력에 대한 지지로 간주됩니다. 회사는 Allen Palmiere의 35년간의 광업 관리 경험이 이 개발 단계에서 유리할 것이라고 믿고 있습니다.
Maritime Resources Corp. (TSXV: MRTMF) a annoncé un changement dans la direction de son Conseil d'administration. Allen Palmiere, un membre actuel du conseil, a été nommé nouveau Président du Conseil. John Hayes a démissionné de son poste de Président, mais restera au sein du Conseil. Ce changement vise à soutenir la transition de l'entreprise vers le développement, avec un accent sur les flux de trésorerie à court terme provenant du Hammerdown Gold Project à Terre-Neuve-et-Labrador.
Récemment, l'entreprise a conclu une offre de droits de 8 millions de dollars, soutenue par son plus gros actionnaire, Dundee, ce qui a porté sa participation à environ 43 %. Cet investissement est considéré comme un soutien au potentiel de Maritime. L'entreprise estime que les 35 ans d'expérience managériale d'Allen Palmiere dans l'industrie minière seront bénéfiques à ce stade du développement.
Maritime Resources Corp. (TSXV: MRTMF) hat eine Veränderung in der Führung des Vorstands bekannt gegeben. Allen Palmiere, ein bestehendes Vorstandsmitglied, wurde zum neuen Vorsitzenden des Vorstands ernannt. John Hayes ist als Vorsitzender ausgeschieden, bleibt jedoch im Vorstand. Diese Veränderung zielt darauf ab, den Übergang des Unternehmens hin zur Entwicklung zu unterstützen, mit einem Fokus auf kurzfristige Cashflows aus dem Hammerdown Gold Project in Newfoundland und Labrador.
Das Unternehmen hat kürzlich eine Rechteangebot über 8 Millionen Dollar abgeschlossen, das von seinem größten Aktionär, Dundee, unterstützt wurde, was dessen Anteil auf etwa 43 % erhöht hat. Diese Investition wird als Bestätigung des Potenzials von Maritime angesehen. Das Unternehmen ist der Ansicht, dass Allen Palmieres 35-jährige Führungserfahrung in der Bergbauindustrie in dieser Entwicklungsphase von Vorteil sein wird.
- Appointment of Allen Palmiere as new Chairman, bringing 35 years of mining industry experience
- Successful closure of $8 million rights offering
- Increased ownership (43%) and support from major shareholder Dundee
- Fully permitted mine at Hammerdown and operational mill at Pine Cove
- Potential for near-term cash flow generation
- None.
Toronto, Ontario--(Newsfile Corp. - September 25, 2024) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce that Allen Palmiere, an existing member of the Company's board of directors (the "Board"), has been named Chairman of the Board. John Hayes has stepped down as Chairman but will continue as a member of the Board.
Garett Macdonald, President and CEO, commented, "This change is being made to support the Company as it transitions towards development with the near term cash flow from our Hammerdown Gold Project in Newfoundland and Labrador. Maritime closed an
Echoing support for the current position of the Company, Jonathan Goodman, CEO of Maritime's major shareholder Dundee Corporation commented, "Maritime presents a unique opportunity. With a fully permitted mine at Hammerdown and an operational mill at Pine Cove, Maritime has a pathway to become a cash flow generating company. Add the exploration potential, and you have the requirements for a long-term successful venture. Dundee is committed to supporting Maritime and all our portfolio companies to unlock value for investors."
About Maritime Resources Corp.:
Maritime (TSXV: MAE) (OTC Pink: MRTMF) is a gold exploration and development company focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador, a top tier global mining jurisdiction. Maritime holds a
On Behalf of the Board
MARITIME RESOURCES CORP.
3200-650 West Georgia St.
Vancouver, British Columbia V6B 4P7
For further information, please contact:
Garett Macdonald,
President and CEO
T: (416) 365-5321
E: info@maritimegold.com
www.maritimeresourcescorp.com
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, statements with respect to development of the Hammerdown Gold project and near term cash flow, 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.
Neither the TSX Venture Exchange (the "Exchange") nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/224618
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