Brief: Maritime signs LOI with Rambler to evaluate restarting the past producing Hammerdown mine
17/11/2014 07:00
Nov 17 (Reuters) - Maritime Resources Corp MAE.V : * Signs LOI with Rambler to evaluate restarting the past producing hammerdown mine * Rambler has agreed to vote all its common shares of Maritime in favour of management at next annual general meeting of Maritime * Cos will enter into a mutually agreeable engineering and evaluation service agreement to evaluate, determine mineable ounces * A toll milling fee would be negotiated to cover the capital expenditures * Rambler has also agreed to participate in initial equity financing for upto the 17% they currently hold in Maritime stock * Source text for Eikon ID:nMKW81016a * Further company coverage MAE.V ((Bangalore Newsroom; +1 646 223 8780))
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