On October 3rd, 2018, Maritime Resources announced that Inomin Mines got shareholder approval, and acceptance from the TSX Venture Exchange, to conclude an agreement between the two companies that will see Maritime have interest in much more land in the Green Bay NL area.
Inomin received “a 98.9% approval to proceed with the option agreement at their AGM held on September 6th, 2018.”
The agreement gives Maritime an additional 129 claim units covering over 3,225 hectares. (See Maritime’s property map, below.)
Under the terms, Maritime will earn 100% interest in Inomin’s 2-block property over a 3-year period by spending $600,000 in exploration, making cash payments totaling $300,000, and issuing 2.0 million shares of Maritime Resources.
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