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Anaconda to increase Maritime bid

Anaconda Mining (TSX: ANX) has flagged a conditional, improved offer in its takeover bid for Maritime Resources (TSXV: MAE) as it pushes ahead with plans to grow as an Atlantic Canadian gold producer.

Anaconda to increase Maritime bid Anaconda to increase Maritime bid Anaconda to increase Maritime bid Anaconda to increase Maritime bid Anaconda to increase Maritime bid

Anaconda’s Point Rousse mine is north of Maritime’s Green Bay project

Anaconda said it would increase its all-scrip offer by 28% - up from 0.39 to 0.5 per share - provided Maritime did not proceed with a proposed dilutive placement announced last month.