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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

Comment by Geodan2on Oct 30, 2015 1:30pm
69 Views
Post# 24244162

RE:RE:RE:RE:Balance Sheet, they had the cash, did not need it

RE:RE:RE:RE:Balance Sheet, they had the cash, did not need itRambler,  What is the total shares of this offering?

through Secutor Capital Management Corp.: i) a maximum 40,000,000 units priced at $0.05 each, which consist of one common share and one common share purchase warrant having an exercise price of $0.065 and a term of 36 months, for maximum proceeds of $2,000,000; and (ii) 33,333,333 flow-through units priced at $0.06 each, which consist of one flow-through common share and one half of one common share purchase warrant having an exercise price of $0.065 and a term of 36 months, for maximum proceeds of $2,000,000 and gross aggregate proceeds of $4,000,000

is it 40 mill + 40 mill +33 mill, or 113 mill total?

That is how I read it.
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