Metanor Announces Increase to Brokered Private Placement

metanor, gold, quebec

Metanor Resources Inc., (TSX VENTURE:V.MTO) is pleased to announce that it has increased the size of its previously announced private placement, disclosed in a press release dated February 15, 2017, from $7,000,000 to $11,500,000 (the “Increased Offering”).

Under the Increased Offering, the Company may issue a combination of units (the “Units”) at a price of $0.06 per Unit and flow-through shares (the “FT Shares”) at a price of $0.075 per FT Share (to a maximum of 13,333,333 FT Shares). The Units and FT Shares are collectively referred to as the “Offered Securities”. The Offered Securities issued pursuant to the Increased Offering will be sold by Red Cloud Klondike Strike Inc. and Sprott Capital Partners, a division of Sprott Private Wealth LP (collectively, the “Agents”).

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