 Maritime Resources TSX-V:MAE has announced the closing of a non-brokered private placement of 74 million common shares at a price of 0.05 per common share for aggregate gross proceeds of C3.7 million. The net proceeds of the offering will be used for final permitting costs to be paid by the company on or prior to December 31, 2022, with respect to the Hammerdown gold mine located in the Baie Verte Mining District near the town of Kings Point, Newfoundland and Labrador. 