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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 deslug1on Sep 19, 2017 7:55am
101 Views
Post# 26712601

RE:RE:RE:RE:RE:RE:RE:RE:RE:re--read the good news folks

RE:RE:RE:RE:RE:RE:RE:RE:RE:re--read the good news folksI was under the impression from the news release that the whole transaction including the delivery of the 12000 ounces was to be completed by Sept 29 2017. Where does it say that it will take 2 years to deliver the gold. In that case the new agreement would not take place for 2 years. Do they not already have the gold in storage to complete the transaction by the 29th? I don't know...  Where you read that Metanor has promised to deliver a minimum of 1500 oz per quarter? Not agreeing or disagreeing. Just asking.

These new terms will become effective once the Corporation has delivered to Sandstorm, 12,000 ounces of gold at the fixed price of $US500. As part of the consideration, the Corporation will issue a total of 3,164,156 common shares to Sandstorm, at the deemed price of $0.77 per common share, for an aggregate value of CA$2,436,400, upon closing of the transaction expected to take place on or about September 29, 2017, and, grant Sandstorm a right of first refusal for any royalty, metal stream or similar type of financing on the Bachelor and Barry properties.
Read more at https://www.stockhouse.com/news/press-releases/2017/09/18/metanor-amends-bachelor-gold-stream#8lm4GLldPBAUpyuu.99
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