By Laura Lutz
Des Moines, June 20 - Metanor Resources Inc. arranged a private placement of units for up to C$2 million.
The company plans to sell up to 2.5 million units of one share and one half-share warrant at C$0.80 per unit. Each whole warrant will be exercisable at C$1.00 for five years.
Metanor is a mining company based in Val-d'Or, Quebec.
Issuer: | Metanor Resources Inc.
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Issue: | Units of one share and one half-share warrant
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Amount: | C$2 million
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Units: | 2.5 million
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Price: | C$0.80
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Warrants: | One half-share warrant per unit
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Warrant expiration: | Five years
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Warrant strike price: | C$1.00
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Pricing date: | June 20
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Stock symbol: | TSX Venture: MTO
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Stock price: | C$0.82 at close June 20
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