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Metanor Resources MEAOD

Metanor Resources Inc is engaged in the production and sale of gold as well as acquisition, exploration, and development of mining properties. It projects include the Moroy Project and Barry project among others.


OTCPK:MEAOD - Post by User

Post by btrevorbon May 26, 2015 5:58pm
91 Views
Post# 23766869

NEXT P.P.

NEXT P.P.MTO should really consider using CASHMONEY instead of their current broker.

Look at the costs.

Cashmoney $300 for $20
$3 000 000 =$200 000
____________________
In connection, with the private placement, the agent will receive a cash fee equal to 9% of the gross proceeds raised and will receive non-transferable broker warrants, in a quantity equal to 9% of the gross proceeds raised.
Let's consider the warrants worthless as they have always proven to be under this wonderful management group.
STILL $270 000 so CASHMONEY wins by $70 000.
Why don't they ever issue a public offering?  It would cost less, they wouldn't have to issue warrants and they might even gain a bit of respect from current shareholders.
Kinda sad when you think about it.
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