Finance > M-a

Maritime to bolster Hammerdown holding

Takeover target Maritime Resources (TSXV: MAE) has announced plans to extend its holding around its Hammerdown gold deposit in Newfoundland and Labrador in eastern Canada, as it fends off a hostile bid from Anaconda Mining.

Staff reporter

Finance > M-a

Maritime to bolster Hammerdown holding

Takeover target Maritime Resources (TSXV: MAE) has announced plans to extend its holding around its Hammerdown gold deposit in Newfoundland and Labrador in eastern Canada, as it fends off a hostile bid from Anaconda Mining.

Staff reporter

Maritime to bolster Hammerdown holding

Maritime’s Hammerdown (pink) and Inomin’s (yellow) claims

Maritime has entered an option agreement to acquire Inomin Mines' (TSXV: MINE) King's Point property, which consists of 3,225ha in two claim blocks either side of Maritime's Hammerdown deposit in its Green Bay project.