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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 trivelaon Oct 30, 2015 1:43pm
100 Views
Post# 24244240

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

RE:RE:RE:RE:RE:RE:Balance Sheet, they had the cash, did not need it
They are issuing 73 million shares in order to rasie $4 million, at a price of 5 cents (40 million shares) and 6 cents (33 million shares).

They will also issue 56.7 million warrants at 6,5 cents.

Plus broker warrants equal to 6% of the gross proceeds raised.
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