Business
Maritime Announces Filing and Mailing of Management Information Circular in Connection with Annual General and Special Meeting and Encourages Securityholders to Access Meeting Materials Electronically
Toronto, Ontario--(Newsfile Corp. - October 7, 2025) - Maritime Resources Corp. (TSXV: MAE) (" ...
About this update from New Found Gold Corp
[{"type":"text","content":"Maritime Announces Filing and Mailing of Management Information Circular in Connection with Annual General and Special Meeting and Encourages Securityholders to Access Meeting Materials ElectronicallyToronto, Ontario--(Newsfile Corp. - October 7, 2025) - Maritime Resources Corp. (TSXV: MAE) (\"Maritime\" or the \"Company\") today announced that it has filed and is in the process of arranging for delivery of the management information circular (the \"Circular\") and related proxy materials for the annual general and special meeting (the \"Company Meeting\") of the holders of common shares (the \"Common Shares\") in the capital of the Company (the \"Shareholders\") and the holders of options (the \"Options\") to purchase Common Shares (the \"Optionholders\", together with the \"Shareholders\", the \"Securityholders\"), to be held on November 5, 2025, at 2:00 p.m. (Toronto time) at 82 Richmond Street East, Toronto, Ontario M5C 1P1. At the Company Meeting, Securityholders will be asked to consider and, if deemed advisable, pass a special resolution (the \"Arrangement Resolution\") to approve a proposed arrangement (the \"Arrangement\"), in accordance with the terms of an arrangement agreement (the \"Arrangement Agreement\") entered into between the Company and New Found Gold Corp. (the \"Purchaser\" or \"New Found Gold\") on September 4, 2025, pursuant to which the Purchaser agreed to acquire all of the issued and outstanding Common Shares that it does not already own by way of a statutory plan of arrangement pursuant to Division 5 of Part 9 of the Business Corporations Act (British Columbia).Under the terms of the Arrangement, New Found Gold will acquire all the issued and outstanding Common Shares and Shareholders will receive 0.75 of a common share in the capital of New Found Gold (each whole share, a \"New Found Gold Share\") for each existing Common Share held (the \"Exchange Ratio\"). All outstanding Options will be canceled and exchanged for New Found Gold options exercisable for New Found Gold Shares and all outstanding Maritime warrants will become exercisable for New Found Gold Shares, with the number of New Found Gold Shares issuable on exercise and the exercise price adjusted in accordance with the Exchange Ratio, as further described in the Circular. Other than as set forth above, all other terms and conditions of the O...