New Issue: Metanor wraps second tranche of C$2.35 million sale of units

By Laura Lutz

Des Moines, Nov. 16 - Metanor Resources Inc. completed a second closing of its private placement of units for C$290,000, bringing the total placement size to C$2,354,539.50.

In this closing, the company sold 580,000 units of one share and one half-share warrant to Canadian, American and European investors at C$0.50 per unit.

In total, the company has sold 4,709,079 of the units. The first tranche, for 4,129,077 units, closed on Nov. 10.

Each whole warrant is exercisable at C$0.55 for two years.

Metanor is a mining exploration company based in Quebec.

Issuer:	Metanor Resources inc.
Issue:	Units of one share and one half-share warrant
Amount:	C$2,354,539.50
Units:	4,709,079
Price:	C$0.50
Warrants:	One half-share warrant per unit
Warrant expiration:	Two years
Warrant strike price:	C$0.55
Settlement date:	Nov. 10 (for 4,129,077 units); Nov. 16 (for 580,000 units)
Stock symbol:	TSX Venture: MTO
Stock price:	C$0.55 at close Nov. 9
Stock price:	C$0.55 at close Nov. 16

© 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.