Maritime Resources Corp. announced a a non brokered private placement of 50,000,000 common shares at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 2,500,000 and 3,648,069 common share purchase warrants on March 25, 2024. The transaction included participation from new investor FireFly Metals Ltd. Each Warrant entitles the holder to acquire one common share at an at a price of CAD 0.05 per Warrant Share for 60 months from the date of issuance. Following completion of the Offering, Firefly owns approximately 8.4% of the issued and outstanding Common Shares and approximately 8.95% on a partially diluted basis. All securities issued pursuant to the Offering are subject to a hold period of four months plus a day from the date of issuance, as prescribed by the Exchange and the resale rules of applicable securities legislation.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from one placee. The company ahs paid finder's fees of CAD 75,000 in the transaction.