Maritime Resources Closes Second Tranche of Non-Brokered Private Placement

Maritime Resources Corp. (TSXV:MAE) announced that the second and final portion of the non-brokered private placement announced on May 9, 2014 has closed for gross proceeds of $26,000. This brought the total proceeds from the financing to $537,250.

As quoted in the press release:

The Company has issued 20,000 flow-through units (FT Units) at $0.30 per FT Unit and 80,000 non flow-through units (NFT Units) at $0.25 per NFT Unit. Each FT Unit consists of one flow-through common share and one non-transferable share purchase warrant. Each NFT Unit consists of one common share and one non-transferable share purchase warrant. Each share purchase warrant attached to the FT Units and the NFT Units entitles the holder to purchase one non flow-through common share at a price of $0.35 until June 17, 2015.

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