Agents Marquest and Casimir sell flow-through shares at C$0.24 apiece
By Devika Patel
Knoxville, Tenn., Dec. 27 - Metanor Resources Inc. said it settled a C$2.64 million private placement of stock. Marquest Capital Markets and Casimir Capital Ltd. were the agents.
The company sold 11,011,162 flow-through shares at C$0.24 apiece. The price per share represents a 14.29% premium to the Dec. 26 closing share price of C$0.21.
Proceeds will be used for exploration.
Metanor is a mining exploration company based in Val d'Or, Quebec.
| Issuer: | Metanor Resources Inc.
|
| Issue: | Flow-through shares
|
| Amount: | C$2,642,679
|
| Shares: | 11,011,162
|
| Price: | C$0.24
|
| Warrants: | No
|
| Agents: | Marquest Capital Markets and Casimir Capital Ltd.
|
| Settlement date: | Dec. 27
|
| Stock symbol: | TSX Venture: MTO
|
| Stock price: | C$0.21 at close Dec. 26
|
| Market capitalization: | C$47.59 million
|
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