Maritime Announces Purchase Agreement to Acquire Point Rousse Project From Signal Gold and Related Offering of up to US$5 Million of Convertible Senior Secured Notes
Maritime Announces Purchase Agreement to Acquire Point Rousse Project From Signal Gold and Related Offering of up to US$5 Million of Convertible Senior Secured Notes
Toronto, Ontario--(Newsfile Corp. - June 19, 2023) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce that it has entered into a share purchase agreement with Signal Gold Inc. ("Signal" or the "Vendor") dated June 16, 2023 pursuant to which the Vendor will sell, assign and transfer to the Company and the Company will purchase all of the shares of Point Rousse Mining Inc. (the "Transaction"), which owns all of the property, assets, mineral rights, royalties and liabilities underlying the Point Rousse Project located in the Province of Newfoundland and Labrador (the "Project"), for aggregate consideration of C$4 million plus the assumption of certain liabilities associated with the Project, comprised of: (i) C$3 million in cash (the "Cash Purchase Price"); and (ii) 23,970,218 common shares (the "Consideration Shares") in the capital of the Company issued at a deemed price of approximately C$0.04172 per Consideration Share, plus the applicable assumed liabilities. The Consideration Shares will be subject to a statutory four-month and one day hold period from the date of issuance. In order to provide certainty for the completion of the Transaction, the Company obtained two separate commitment letters to provide the Company with the Cash Purchase Price.
安大略省多倫多-(Newsfile Corp.-2023年6月19日)-海洋資源公司(多倫多證券交易所股票代碼:MAE)(“海洋”或“公司”)很高興至宣佈與Signal Gold Inc.(“Signal Gold Inc.”)達成股份購買協定。訊號“或”供應商),據此,賣方將出售、轉讓和轉讓給本公司,本公司將購買Point Rousse Mining Inc.(The交易記錄擁有位於紐芬蘭和拉布拉多省的Point Rousse專案的所有財產、資產、採礦權、特許權使用費和債務。專案),總代價為400萬加元,外加承擔與專案有關的某些負債,包括:(I)300萬加元現金(現金收購價“);及(Ii)23,970,218股普通股(”對價股份“)本公司按每股代價股份約0.04172加元的價格發行的股本,加上適用的承擔負債。代價股份將自發行日期起有法定的四個月零一天持有期。為確保交易完成,本公司取得兩份獨立承諾書,向本公司提供現金收購價。
Shoreline Aggregates Inc. ("Shoreline"), an aggregate producer and export company has provided a C$1 million commitment letter in support of the Transaction. Shoreline has has been operating on the Point Rousse site since inception, repurposing the "waste" rock from the Pine Cove pit as the feed for its base and asphalt aggregate business. Following completion of the Transaction, Maritime will provide Shoreline with access to the existing crusher, dock, stockpiles and site roads for transporting, crushing, loading and shipping aggregate for future continuance of its operations on the Point Rousse site.
海岸線集合體公司(“海岸線),一家骨料生產商和出口公司提供了一份100萬加元的承諾書,以支持這筆交易。海岸公司自成立以來一直在Point Rousse現場運營,重新利用松樹灣坑中的“廢”岩石作為其基地和瀝青集料業務的飼料。交易完成後,Sea將為Shoreline提供現有的破碎機、碼頭、庫存和現場道路,用於運輸、粉碎、裝載和運輸集料,以供其未來繼續在Point Rousse現場的運營。
The terms of the Transaction were negotiated at arm's length. The Transaction is expected to constitute an Expedited Acquisition under Policy 5.3 of the TSX Venture Exchange (the "TSXV"). The completion of the Transaction is subject to customary closing conditions, including the approval of the Minister of Industry, Energy and Technology (NL) and the TSXV. Closing of the Transaction is expected to occur in July, 2023.
這筆交易的條款是在保持一定距離的情況下談判達成的。根據多倫多證券交易所創業板交易所(The TSX Venture Exchange)的政策5.3,這項交易預計將構成加速收購。TSXV交易的完成取決於慣例的成交條件,包括工業、能源和技術部部長(NL)和TSXV的批准。交易預計在2023年7月完成。
"We are pleased to announce this transaction with Signal Gold to acquire the Point Rousse Project in Newfoundland and Labrador. These assets are a natural fit with our consolidation and development plans in the Baie Verte district with the key asset being the Pine Cove mill, a fully permitted gold processing facility rated at 1,400 tonnes per day with a large capacity tailings storage facility and access to port infrastructure. The addition of the Pine Cove mill facility, which was recently operating in Q1 of this year, provides an opportunity to bring our Hammerdown project online faster and at a lower cost than what was planned in the 2022 Feasibility Study," comments Garett Macdonald, President and CEO. "With ownership of both Baie Verte district gold processing plants (Pine Cove and Nugget Pond) Maritime will have tremendous operating flexibility and a strategic platform for future mineral processing of both precious and base metals throughout the district. Looking ahead, we see an exciting opportunity for custom mineral processing together with the importing and exporting of concentrates utilizing the existing port infrastructure. As we continue to advance Hammerdown and the long pipeline of exploration prospects in the district, we look forward to working with all stakeholders to deliver long term value for shareholders and communities alike."
我們很高興宣佈與Signal Gold達成交易,收購紐芬蘭和拉布拉多的Point Rousse專案。這些資產與我們在Baie Verte區的整合和發展計劃非常吻合,關鍵資產是Pine Cove磨坊,這是一個完全許可的黃金加工設施,日產量為1,400噸,擁有大容量尾礦存儲設施和港口基礎設施。Pine Cove磨坊設施的增加,為我們提供了一個機會,使我們的Hammerdown專案以更快的速度和更低的成本投入使用,比2022年可行性研究中計劃的更快,成本更低,Garett Macdonald,總裁和首席執行官評論道。擁有Baie Verte地區黃金加工廠(Pine Cove和Nugget Pond)後,Sea將擁有巨大的運營靈活性,並為整個地區未來貴金屬和賤金屬的礦物加工提供一個戰略平臺。展望未來,我們看到了一個令人興奮的機會,即定製礦物加工以及利用現有港口基礎設施進出口精礦。隨著我們繼續推進Hammerdown和該地區漫長的勘探前景管道,我們期待著與所有利益相關者合作,為股東和社區帶來長期價值。
Convertible Note Offering
可轉換票據發行
Maritime also announces that it has entered into an agreement with SCP Resource Finance LP ("SCP") to complete a brokered private placement (the "Offering") of convertible senior secured notes (the "Notes") of the Company at a price of US$1,000 per Note, less a 2.00% origination discount, for gross proceeds of up to US$5 million. The Notes will mature 36 months (the "Maturity Date") following the date of issuance (the "Closing Date") and each US$1,000 principal amount of the Notes will bear interest ("Interest") at 8.5% per annum, calculated and paid semi-annually in arrears on the last day of January and July in each applicable calendar year. The Company may, at its sole discretion, subject to the approval of the TSXV, elect to pay accrued interest in cash or in common shares ("Shares") at a price per share equal to the Market Price (as defined in the policies of the TSXV) of the Shares on the trading day immediately preceding the date on which such interest is due. The obligations of the Company under the Note will be secured against all of the assets of the Company and its sole subsidiary, 2823988 Ontario Corp., which will also guarantee the Notes.
海事還宣佈,它已與SCP資源金融有限公司(“SCP Resources Finance LP”)達成協定。SCP“)完成經紀私募(”供奉“)可轉換優先擔保票據(“備註),每張債券的價格為1,000美元,減去2.00%的發行折扣,總收益不超過500萬美元。債券將於36個月內到期(到期日“)在發出日期後(“截止日期“)債券本金為1,000美元,並會派息(“利息按年息8.5%計算,每半年於適用公曆年度1月及7月最後一日支付一次。本公司可全權酌情決定以現金或普通股支付應累算利息(股票“),每股價格相等於緊接該等利息到期日期前一個交易日股份的市價(定義見多倫多證券交易所保單)。本公司在票據項下的責任將以本公司及其唯一附屬公司安大略省2823988公司的所有資產作為抵押,而安大略省安大略省唯一附屬公司亦將為票據提供擔保。
Holders of the Notes will be entitled to convert the principal and accrued and unpaid Interest under the Notes at any time prior to the Maturity Date into Shares at a conversion price to be determined. If at any time following 120 days after the Closing Date, the volume weighted average price of the Shares on the TSXV equals or exceeds 175% of the conversion price (as converted based on the Bank of Canada exchange rate then in effect) for 20 consecutive trading days, the Company will have the right, in its sole discretion, to force the conversion of the principal amount of the Notes then outstanding into Shares at the conversion price. The Notes will not be redeemable until 18 months after the Closing Date. Thereafter, the Notes will be redeemable in whole (or in part) at the option of the Company (the "Redeemed Notes") for consideration of (i) cash equal to 102% of the principal amount to be redeemed (plus accrued and unpaid interest) and (ii) the issuance of common share purchase warrants ("Warrants") of the Company with the economic equivalent of the value of the Redeemed Notes based on a Black Scholes value using the lowest allowable exercise price.
債券持有人將有權於到期日前任何時間將債券項下的本金及應計及未付利息轉換為股份,轉換價格待定。如果在收盤後120天后的任何時間,多倫多證券交易所股票的成交量加權平均價等於或超過轉換價格的175%(根據當時有效的加拿大銀行匯率轉換)在連續20個交易日內,本公司將有權全權酌情強制將當時已發行債券的本金按換股價轉換為股份。該批債券將於截止日期後18個月才可贖回。其後,債券將可由本公司選擇全部(或部分)贖回(“贖回票據“)代價:(I)相當於本金102%的現金(加上應計及未付利息)及(Ii)發行普通股認購權證(“認股權證“),其經濟等值為根據Black Scholes價值使用最低允許行使價格贖回票據的價值。
In connection with the Offering, the Company has agreed to pay the SCP a cash commission equal to 4.0% of the gross proceeds of the Offering, as well as to issue to SCP such number of Warrants ("Broker Warrants") of the Company as is equal to 2.0% of the gross proceeds of the Offering divided by conversion price and exercisable at the Market Price as at the Closing Date for a period of 24 months following closing.
有關是次發售,本公司已同意向SCP支付相當於發售總收益4.0%的現金佣金,並向SCP發行該數目的認股權證(“經紀人認股權證“)相當於發售總收益的2.0%除以換股價格,並可在交易結束後24個月內按截止日期的市價行使。
The net proceeds of the Offering are expected to be used to fund the Cash Purchase Price as well as for general working capital and corporate purposes. The Notes and Broker Warrants (including the underlying Shares) will be subject to a statutory hold period of four months plus one day following the Closing Date. Subject to customary closing conditions, including applicable TSXV approvals, the Offering is expected close in July, 2023.
此次發行的淨收益預計將用於支付現金收購價以及一般營運資金和公司用途。債券及經紀認股權證(包括相關股份)的法定持有期為四個月另加截止日期後一天。根據慣例成交條件,包括適用的TSXV批准,此次發行預計將於2023年7月完成。
Qualified Persons
合格人員
Disclosure of a scientific or technical nature in this news release has been approved by Mr. Garett Macdonald, P.Eng., President and CEO of Maritime. Mr. Macdonald is a QP and he has verified the data disclosed in this news release.
本新聞稿中的科學或技術性質的披露已得到Garett Macdonald先生,P.Eng,總裁先生和Sea首席執行官的批准。麥克唐納是一名QP,他已經核實了本新聞稿中披露的數據。
About Maritime Resources
關於海洋資源
Maritime holds a 100% interest directly and subject to option agreements entitling it to earn 100% ownership in the Green Bay Property. This includes the former Hammerdown gold mine and the Orion gold project plus the Whisker Valley exploration project, all located in the Baie Verte Mining District near the town of King's Point, Newfoundland and Labrador. The Hammerdown Gold Project is characterized by near-vertical, narrow mesothermal quartz veins containing gold associated with pyrite. Hammerdown was last operated by Richmont Mines between 2000 and 2004. The Company also owns the gold circuit at the Nugget Pond metallurgical facility in Newfoundland and Labrador and the Lac Pelletier gold project in Rouyn Noranda, Québec.
Sea直接持有100%的權益,並受期權協定的限制,該協定使其有權獲得Green Bay物業的100%所有權。這包括前Hammerdown金礦和獵戶座金礦專案以及鬍鬚谷勘探專案,所有這些專案都位於紐芬蘭和拉布拉多市國王角鎮附近的Baie Verte礦區。Hammerdown金礦專案的特點是近垂直、窄的中熱石英脈,其中含有與黃鐵礦共生的金。Hammerdown上一次由Richmont Mines運營是在2000年至2004年。該公司還擁有紐芬蘭和拉布拉多的Nugget Pond冶金廠的金礦迴路,以及位於QuéBEC的Rouyn Noranda的Lac Pelletier金礦專案。
On Behalf of the Board:
我謹代表董事局:
Garett Macdonald, MBA, P.Eng.
President and CEO
1900-110 Yonge Street, Toronto, ON M5C 1T4
Phone: (416) 365-5321
info@maritimegold.com
1900-110 Yonge Street, Toronto, ON M5C 1T4
加雷特·麥克唐納,工商管理碩士,P.eng
總裁與首席執行官
多倫多揚格街1900-110號,M5C 1T4
電話:(416)365-5321
郵箱:Info@maritimeGold.com
多倫多揚格街1900-110號,M5C 1T4
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Caution Regarding Forward Looking Statements:
有關前瞻性陳述的注意事項:
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 the terms of the Transaction and the Offering, the anticipated benefits of the Transaction to the Company, the anticipated closing date of the Transaction and the Offering, the use of proceeds of the Offering, and the timing of the approval of the TSXV, 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.
本文中所作的某些陳述和包含的資訊是“前瞻性資訊”,符合國家文書51-102,加拿大證券管理人的持續披露義務。這些陳述和資訊是基於公司目前掌握的事實,不能保證實際結果符合管理層的期望。前瞻性陳述和資訊可通過“預期”、“相信”、“目標”、“估計”、“計劃”、“預期”、“可能”、“將”、“可能”或“將”等術語加以識別。儘管公司認為其截至本文發表之日的假設是合理的,但前瞻性陳述和資訊並不是對未來業績的保證,讀者不應過分重視此類陳述,因為實際事件和結果可能與本文所描述的大不相同。不能保證這些資訊將被證明是準確的,因為實際結果和未來事件可能與這些資訊中預期的大不相同。因此,讀者不應過分依賴前瞻性資訊。本新聞稿中的前瞻性陳述包括但不限於有關交易和發售的條款、交易給本公司帶來的預期利益、交易和發售的預期完成日期、發售所得資金的使用以及批准TSXV的時間等的陳述。本新聞稿中包含的所有前瞻性資訊均為截至本新聞稿發佈之日的資訊,並基於對管理層的意見和估計以及截至本文發佈之日管理層可獲得的資訊。除非適用的證券法要求,否則公司不會因為新資訊、未來事件或其他原因而更新或修改任何前瞻性資訊,也不承擔任何義務。
Forward-looking statements also include statements concerning the Hammerdown Gold Project (the "Hammerdown Project") Feasibility Study including the low capital intensity and rapid payback of the Hammerdown Project, the exploration upside relating to the Hammerdown Project, the pursuit of mine life extensions, the potential to increase mineral resource and mineral reserve estimates, returns and free cash flow relating to the Hammerdown Project, capital financing processes relating to the Hammerdown Project, the potential integration of the Pine Cove mill and plan to update the feasibility study to support future project financing, development of the future next drill program on the Hammerdown Project, exploration and development of the Orion deposit, "Run of Mine" ore scheduled to be mined from the Project, timing of submission of the Hammerdown Project Development Plan and the Progressive Rehabilitation and Closure Plan for Hammerdown, timing of future site construction, timing to first gold production, length of construction period for the Hammerdown Project, timing of completion of required permitting, timing for approvals to be obtained for the closure and development plans relating to the Project, availability of capital financing, the non-equity portion of any construction capital financing, timing of completion of construction capital financing process, amongst other things, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information
前瞻性表述還包括有關Hammerdown Gold Project(“Hammerdown Project”)可行性研究的表述,其中包括Hammerdown專案的低資本密度和快速回報、與Hammerdown專案有關的勘探收益、延長礦山壽命的追求、增加礦產資源和礦產儲量估計的潛力、與Hammerdown專案有關的回報和自由現金流、與Hammerdown專案有關的資本融資過程、鬆灣磨坊的潛在整合以及計劃更新可行性研究以支持未來的專案融資、Hammerdown專案未來下一次鑽探計劃的開發、獵戶座礦床的勘探和開發。計劃從該專案開採的“露天”礦石,提交錘擊專案發展計劃和錘擊逐步恢復和關閉計劃的時間,未來現場建設的時間,首次黃金生產的時間,錘擊專案的建設期,所需許可的完成時間,與專案有關的關閉和開發計劃獲得批准的時間,資本融資的可用性,任何建築資本融資的非股權部分,建築資本融資過程的完成時間,除其他外,涉及已知和未知的風險、不確定因素和其他可能導致實際結果的因素。公司的業績或成就,或行業結果,與該等前瞻性資訊明示或暗示的任何未來結果、業績或成就存在重大差異
Neither 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.
交易所及其監管服務提供商(該術語在交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
不得分發給美國新聞通訊社或在美國境內傳播
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