By Devika Patel
Knoxville, Tenn., Dec. 22 - Metanor Resources Inc. said it settled a private placement of flow-through common shares for C$1.93 million. The deal priced for C$2 million on Dec. 18.
Metanor sold 4,288,089 common shares on a flow-through basis at C$0.45 per share.
Raymond James Ltd. was the agent.
Proceeds will be used for drilling.
Metanor is a mining exploration company based in Val d'Or, Quebec.
| Issuer: | Metanor Resources Inc.
|
| Issue: | Flow-through common shares
|
| Amount: | C$1,929,640.05
|
| Shares: | 4,288,089
|
| Price: | C$0.45
|
| Warrants: | No
|
| Agent: | Raymond James Ltd.
|
| Pricing date: | Dec. 18
|
| Settlement date: | Dec. 22
|
| Stock symbol: | TSX Venture: MTO
|
| Stock price: | C$0.43 at close Dec. 18
|
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