New Issue: Metanor sells C$510,000 more units for C$2.52 million total

By Laura Lutz

Des Moines, Dec. 29 - Metanor Resources Inc. closed a C$510,000 second tranche of a private placement of units for a total deal size of C$2,516,015.

In the most recent tranche, the company sold 1.02 million units of one share and one half-share warrant at C$0.50 per unit. Each whole warrant is exercisable at C$0.55 for two years.

The first tranche, which closed on Dec. 20, included 4,012,031 units.

Metanor is a mineral exploration company based in Quebec.

Issuer:	Metanor Resources Inc.
Issue:	Units of one share and one half-share warrant
Amount:	C$2,516,015.50
Units:	5,032,031
Price:	C$0.50
Warrants:	One half-share warrant per unit
Warrant expiration:	Two years
Warrant strike price:	C$0.55
Settlement date:	Dec. 20 (for C$2,006,015.50); Dec 28 (for C$510,000)
Stock symbol:	TSX Venture: MTO
Stock price:	C$0.63 at close Dec. 28

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.