OTCPK:MEAOD - Post by User
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Puffertimeon Nov 30, 2011 11:59am
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Post# 19279082
Financing ...
Financing ... Elsewhere on the Web ... November 30, 2011 11:49 AM - Financial - Financing Agreements - Mining SaveMetanor announces $8,500,000 financingTSX VENTURE EXCHANGE = MTO 201,686,865 outstanding sharesNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESVAL-D'OR, QC, Nov. 30, 2011 /CNW Telbec/ - Metanor Resources Inc. ('Metanor') (TSXV: MTO) is pleased to announce that it has entered into an agreement with a syndicate of agents co-led by Industrial Alliance Securities Inc. and National Bank Financial Inc. (the "Agents") for a private placement of up to 25,000,000 Units of Metanor at a price of
.34 per Unit (the "Offering Price") for aggregate gross proceeds of up to $8,500,000 (the "Offering").Each Unit will consist of one common share (the "Common Shares") of Metanor and one-half of one non-transferable common share purchase warrant (the "Warrants"). Each whole Warrant will entitle the holder to purchase one Common Share over a period of two years at a price of
.40.