Eric Sprott Announces Holdings in Maritime Resources Corp.

Executive Summary

• Eric Sprott, through 2176423 Ontario Ltd., purchased 249,300 Maritime Resources Corp. common shares at an average price of ~$2.20 per share for a total consideration of approximately $549,208.
• The acquisition raises Mr. Sprott’s beneficial ownership to ~8.3% of the outstanding shares on a non‑diluted basis (≈10.2% on a partially diluted basis), triggering the filing of an early‑warning report under securities regulations.
• The purchase is for investment purposes; Mr. Sprott indicates a long‑term view and may acquire or dispose of additional securities in the future.

Key Details

• Acquisition size: 249,300 common shares (≈0.2% of outstanding shares on a non‑diluted basis).
• Average price paid: Approximately $2.20 per share.
• Total consideration: Approximately $549,208.
• Prior holdings: 10,005,700 shares and 2,666,700 warrants (≈8.1% non‑diluted, ≈10.0% partially diluted).
• Post‑acquisition holdings: 10,255,000 shares and 2,666,700 warrants (≈8.3% non‑diluted, ≈10.2% partially diluted).
• Regulatory implication: Ownership now exceeds the 10% threshold, requiring an early‑warning report to be filed on SEDAR+.
• Purpose of acquisition: Investment with a long‑term perspective; future purchases or sales may occur depending on market conditions and strategic considerations.
• Contact information for early‑warning report: Available on Maritime Resources’ SEDAR+ profile; phone: (416) 945‑3294; address: 2176423 Ontario Ltd., 1106‑7 King Street East, Toronto, ON M5C 3C5.

Notable Quotes

No direct quotes were provided in the release.