Anaconda Mining Offer to Shareholders of Maritime Resources

By ron netolitzky / April 21, 2018 / www.youtube.com / Article Link


Anaconda Mining (TSX:ANX) has announced a formal offer to acquire all of the issued and outstanding common shares of Maritime Resources Corp. (TSX-V:MAE) together with the associated rights issued under the shareholder rights plan of Maritime dated March 15, 2018."Anaconda has a clear growth strategy in Atlantic Canada, which includes acquiring gold projects that could benefit from the experience of our management team and the substantial infrastructure we already have in place. By accepting the Offer, Maritime Shareholders have the opportunity to realize a significant premium and participate in the upside of not only the Green Bay Project, but also Anaconda's projects. As a larger gold producer and developer, and a leader in Atlantic Canada, the pro forma company will have a greater market presence, leading to higher liquidity, lower cost of capital, and expanded financing options. With this combination, Maritime Shareholders will finally be able to realize the value that has eluded them to date."~ Dustin Angelo, President and CEO, Anaconda Mining Inc.

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