Metanor Completes Private Placements Raising Proceeds of Approximately $11.4 Million [Canadian Business Journal (Canada)]
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Source: Canadian Business Journal
Metanor Completes Private Placements Raising Proceeds of Approximately $11.4 Million VAL-D’OR, QUÉBEC–(Marketwired – Dec. 28, 2017) - Metanor Resources Inc. (the “ Company ” or “ Metanor “) (TSX VENTURE:MTO) is pleased to announce the completion of its previously announced brokered private placement (the “ Brokered Offering “) in the aggregate amount of $11,348,410 under which a total of 12,243,000 units (the “ Units “) at a price of $0.70 each, and a total 3,268,600 flow-through common shares (the “ FT Shares “) at a price of $0.85 each, have been issued. In addition, the Company has issued 90,000 FT Shares for proceeds of $76,500, as part of a concurrent non-brokered offering. Each Unit consists of one common share and one-half of one common share purchase warrant, with each full warrant entitling the holder to purchase one common share of the Company at a price of $0.90 each, at any time during the 24-month period following the closing of the Offering (the “Closing “).
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