Metanor Resources MEAOD

Potential Debenture fix

[JRaffles]

Osisko may not wish to allocate resources to purchase both BL and Barry and may not even wish to pay a premium for the Barry pit and adjacent licenses.  However, Osisko is aware that their Windfall property has high grade trends leading into Metanor's Barry licences.  Moreover, 90% of the Barry licences are due for expiry in 2018.

Could a deal be done whereby Metanor would be prepared to release the highly prospective licenses adjacent to Windfall, in consideration for Osisko paying funds to enable Metanor to clear its debenture.

This coudl be a win / win for both companies, since Osisko's preference seems to be for a new shaft and mill on their Windfall site and they do not seem to be keen to purchase the BL mill, which is over 100km away.  $9m is a small  of Osisko's cash, but the limiting factor on them exploiting their deposit to the maximum is or eon the land next to their existing licenses.

If only we had trum to negotiate for us!