Metanor Resources MEAOD

Kirkland Long Term...MTO ?

[u2bob]

Once more is drilled in Barry ... I think you will see Kirkland Sprott start buying up more...imho...

Kirkland Lake Gold major shareholder of Metanor

 

 

 

 

 

 

 

Patrick Rodrigue [e-mail] Published 
on April 29, 2017

 

    

 

 

 

 

 

 

Metanor will use the money obtained as a result of the transactions to further develop its projects in southern Jamsie, namely the Bachelor mine in Desmaraisville (photo) and the Barry project, east of Lebel-sur- The

© Metanor Resources

The multinational Kirkland Lake Gold has become one of the two major shareholders of Valorian mining company Ressources Mtanor, which operates the Bachelor mine in Desmaraisville, north of Lebel-sur-Quvillon.

Publicity 

 

 

 

 

On April 24, Metanor announced two equity transactions, including one with Wexford Capital, a US fund management firm with more than $ 3 billion in assets. The company already owned shares in Metanor. In exchange for $ 1,312,500, it raised its portfolio to 19.9% of the total, making it the largest shareholder in the mining company.

 

 

 

 

 

 

 

 

Kirkland Lake Gold, operating in northeastern Ontario, the Macassa mine in Kirkland Lake, and a three-mine complex in Matheson, plus two mines in Australia, is closely following. On April 24, it invested $ 7,250,000 to acquire 19.3% of the shares of Metanor at one time. The company also indicated that it is investing in the long term and does not rule out the possibility of increasing its stake in Metanor.

 

 

 

 

 

 

 

Meanor's president, Pascal Hamelin, welcomed the outcome of these two transactions. "The additional funds provided by these experienced partners will enable us to continue to develop our core assets, the Bachelor Mine and the Barry Project, and to boost our exploration campaigns in the sector, he mentioned.

Interesting days ahead forsure ....later
Bob

[romara]

Bob, in your opinion, the relationship now between Kirkland Lake Gold, and Metanor would be the appsorption of Metanor into KL at the rate of approx. 10 shares of Metanor (MTO) for 1 share of Kirkland lake Gold (GL) ? That would be the easiest way right now. It would add to the properties KL has allready, Holt, Taylor, and Holloway in Canada, and the fo;;owing properties Fosterville, Cosmo, and