Maritime Resources Corp. (TSXV: MAE,OTC:MRTMD) (“Maritime”) holds common shares in the capital (“Common Shares”) of Emperor Metals Inc. (the “Emperor”) sold. As of the date of filing of Maritime’s Form 62-103F1 with respect to its securities holdings of Emperor, being March 12, 2025 (the “Prior Report”), Maritime owned 12,500,000 Common Shares, representing approximately 10.8% of the issued and outstanding Common Shares as of the date of filing the Prior Report. As a result of Emperor completing multiple issuances of securities, including additional shares of common stock, subsequent to the Prior Report and prior to the sale of common stock announced in this press release, Maritime owned less than 10% of the issued and outstanding common stock.
The securities mentioned above were held for investment purposes. Maritime and/or one or more of its subsidiaries may, depending on market and other conditions, increase or decrease their beneficial ownership of shares of common stock or other securities of Emperor, whether in the open market, through private agreements or otherwise.
Maritime’s head office is located at 3200 – 650 West Georgia Street, Vancouver, BC V6B 4P7, Canada. Emperor’s head office is located at 10545-45 Avenue Northwest, 250 South Ridge, Suite 300, Edmonton, AB T6H 4M9, Canada. A copy of the early warning report to which this press release relates can be obtained from Germaine Coombs (germaine@maritimegold.com) or on Emperor’s SEDAR+ profile at www.sedarplus.ca.
About Maritime Resources Corp.
Maritime is a gold exploration and development company focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador, Canada, a Tier 1 jurisdiction. Maritime directly holds a 100% interest and is subject to option agreements giving the right to acquire 100% ownership in the Green Bay Property, which includes the former Hammerdown gold mine and the Orion gold project. Maritime controls over 439 km2 of exploration areas, including the Green Bay, Whisker Valley, Gull Ridge and Point Rousse projects. Mineral processing assets owned by Maritime in the Baie Verte mining district include the Pine Cove mill and the Nugget Pond Hydrometallurgical Gold Plant gold circuit.
On behalf of the board:
Maritime Resources Corp.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain “forward-looking statements” under applicable Canadian securities laws. Forward-looking statements include forecasts, projections and predictions and are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “predict”, “expect”, “potential”, “project”, “seek”, “plan”, “budget” and “intend” and statements that an event or outcome “may”, “will”, “should”, “could” or ‘could’ be achieved and other similar expressions and includes their negatives. All statements other than statements of historical fact contained in this press release, including but not limited to statements regarding the timing, the receipt of all necessary court and regulatory approvals and the timing thereof, and the plans, operations and prospects of Maritime and its properties are forward-looking statements. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors that may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to, statements as to whether Maritime or any of its subsidiaries may further increase or decrease their beneficial ownership of Emperor securities, as well as other customary risks associated with transactions of this nature and assumptions regarding current and future market conditions. The reader is urged to consult the company’s most recent Management’s Discussion and Analysis, which is made publicly available through the company’s issuer profile on SEDAR+ at www.sedarplus.ca for a more complete discussion of such risk factors and their potential effects. Although Maritime has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Maritime disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture 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/273706
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