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New Listing: Mariner Resources (CSE:RNR)

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Mariner Resources, a mineral exploration company, has an option to acquire a 75% interest in the Silver Dollar Property.

Additional Information:

Company: Mariner Resources
Stock Symbol: CSE: RNR
Date Published: Jun 3, 2019
Transcript: Available

Video Transcript:

I’m Cassandra Bolinski for Investmentpitch Media

Mariner Resources is one of the latest new listing on the Canadian Securities Exchange, trading under the symbol “RNR”.

Mariner Resources, a mineral exploration company, has an option to acquire a 75% interest in the Silver Dollar Property.

The Silver Dollar Property, an early stage exploration project, is located in the Revelstoke Mining Division in southeastern British Columbia, approximately 45 kilometers southeast of the city of Revelstoke and 15 kilometers north-northeast of the community of Trout Lake.

The property, which consists of 28 contiguous mineral claims covering 3,345 hectares, lies within the historical Camborne gold-silver mining camp.

The property covers over 17 kilometers of the 40 kilometer long Camborne fault structure, which contained several past producers and developed prospects of silver, gold, lead and zinc.

There are 11 Minfile Occurrences located on the property consisting of five showings, two prospects, and four past producers, with limited historical production from the Beatrice, Silver Dollar, Gillman and
Mohawk.

Under the terms of the option, Mariner is required to, over a four-year period, make cash payments of $425,000, of which $50,000 is payable in shares or cash at the company’s discretion, issue 900,000 shares, and incur $1,000,000 in exploration expenditures.

The company recently closed an IPO, raising gross proceeds of $412,500 from the placement of 2,750,000 shares priced at $0.15 per share.

PI Financial acted as agent on the offering.

The shares are currently $0.15 bid with shares offered at $0.20 and no trades yet today.

For more information, please contact Justin Bourassa, CFO, at 780-701-3216 or email justinb@metalsgroup.com.

I’m Cassandra Bolinski for Investmentpitch Media