Metanor Resources MEAOD

RE: RE: RE: RE: RE: RE: Share Structure

[gahdc]

Raffles:

No one likes to see our shareholder equity diluted and if all warrents due out to the end of 2012 are exercised we would see dilution of about 25%. However, if that extra money helps us speed up drilling and expand our gold in the ground by 2-3 or more times, then it is worth it. The 150 anomalies at Barry alone could probably easily absorb a 50-60,000m drill program. The Dec 12 warrents this year are mostly at 65 and a few at 50, but we have a lot of warrents next year due at 40, and I think it is a certainty that the 40 warrents will all be excerised, as few of us on here can concieve of the price still being under 40 by the beginning of next year when we will be starting production. Even the 1.00 warrents next year will be exercised if the stock price does what we all expect it to do next year.