On August 24, 2023, Maritime Resources Corp. closed the transaction. The company issued 4,000,000 units at an issue price of CAD 0.04 for the gross proceeds of CAD 160,000 in the second and final tranche. In connection with the Offering, the Company paid a cash commission of CAD 3,600 to a finder for certain subscriptions and issued broker warrants of the Company exercisable at any time prior to the Warrant Expiry Date to acquire up to 90,000 Shares at the Exercise Price. Completion of the Offering is subject to the final approval of the TSX Venture Exchange. All securities issued pursuant to the Offering are subject to a hold period of four months plus a day from the date of issuance prescribed by the Exchange and the resale rules of applicable securities legislation. The company has received CAD 79,851.40576 ($59,032) from 1 investor pursuant to Regulation D.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 20 placees including existing insider involvement of 2 insiders for 13,625,000 and pro group involvement of one pro group for 2,500,000. The company paid the finder's fees of CAD 106,530 in cash and 2,663,250 warrants and Each warrant entitles the holder to purchase one common share at the price of seven cents per share until August 14, 2026.