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Bonterra Resources Announces $20 million Private Placement and Share Consolidation
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.
Vancouver, BC – October 15, 2018 – Bonterra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the “Company” or “Bonterra”) is pleased to announce that it has entered into an agreement with Sprott Capital Partners to act as lead agent (the “Lead Agent”), on its own behalf and, if applicable, on behalf of a syndicate of agents (collectively with the Lead Agent, the “Agents”), in connection with a marketed private placement to raise gross proceeds of up to $20,000,130 (the “Offering”).
Prior to closing of the Offering, the Company will consolidate its outstanding common shares on the basis of ten (10) existing common shares for one (1) new common share (the "Consolidation"). Upon completion of the Consolidation and prior to closing of the Offering, the Company is expected to have 39,749,870 issued and outstanding common shares. No fractional shares will be issued. In addition, there will be no change in the Company’s name or trading symbol. All securities issued under the Offering will be, and all prices in this release are, on a post-Consolidation basis.
The Offering will consist of a combination of (a) up to 1,973,700 common shares of the Company issued on a flow-through basis (the “FT Shares”) at a price of $3.80 per FT Share, and (b) up to 3,787,900 common shares of the Company issued on a non-flow-through basis (the “NFT Shares”) at a price of $3.30 per NFT Share. Collectively the FT Shares and NFT Shares are referred to as the “Offered Securities”.
In connection with the Offering, the Agents will be entitled to a cash fee in an amount equal to 6% of the gross proceeds of the Offering. As additional consideration, the Company will grant to the Agents common share purchase warrants (the “Broker Warrants”) entitling the Agents to subscribe for that number of common shares equal to 4.0% of the aggregate number of Offered Securities placed in the Offering. Subject to regulatory approval, each Broker Warrant will be exercisable to acquire one common share at a price equal to $3.30 for a period of 24 months after the closing date.
The gross proceeds from the issuance of the FT Shares will be used for Canadian Exploration Expenses and will qualify as “flow-through mining expenditures” (the “Qualifying Expenditures”), as defined in subsection 127(9) of the Income Tax Act (Canada), which will be renounced to the subscribers with an effective date no later than December 31, 2018 to the initial purchasers of the FT Shares in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares, as applicable, and, if the Qualifying Expenditures are reduced by the Canada Revenue Agency, the Corporation will indemnify each FT Share subscriber for any additional taxes payable by such subscriber as a result of the Corporation’s failure to renounce the Qualifying Expenditures as agreed. The net proceeds from the NFT Share Offering will be used for on-going exploration and development work on the Company properties and for general corporate purposes. All Offered Securities will be subject to a four month hold period from the date of issue in accordance with applicable securities laws. The Consolidation and the Offering are subject to approval of the TSX Venture Exchange.
The Company will confirm the effective date of the Consolidation in a subsequent news release. The Offering is currently expected to close on November 8, 2018 or such other date or dates as the Company and the Lead Agent may agree.
ON BEHALF OF THE BOARD OF DIRECTORS,
Nav Dhaliwal, President & CEO
Bonterra Resources Inc.
For further information on Bonterra, contact Investor Relations
Telephone: 1 844 233 2034
Email: ir@bonterraresources.com
Website: www.bonterraresources.com
http://www.bonterraresources.com/news-media/news/bonterra-resources-announces-20-million-private-placement-and-share-consolidation
God Bless America
BonTerra Resources Inc. Dale Ginn, VP Exploration -
Precious Metals Summit Conferences LLC 2018 -
http://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2018/09/20/bonterra-resources-inc/play/stream/25762
God Bless America
MEAOF: effective Sept. 26,2018: Bonterra Resources Inc (TSXV: BTR) acquired all of the Company’s shares in exchange for 1.6039 of a common share of Bonterra per each Metanor common share.
FINRA will delete the symbol.
http://otce.finra.org/DLDeletions
Metanor Resources Inc. V.MTO
Alternate Symbol(s): MEAOF
http://www.stockhouse.com/companies/quote?symbol=v.mto
Bonterra Resources Inc. V.BTR
Alternate Symbol(s): BONXF
http://www.stockhouse.com/companies/quote?symbol=v.btr
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
- God Bless
Metanor Resources Exchange: OTC Pink | Sep 19, 2018, 12:28 PM EDT
https://web.tmxmoney.com/quote.php?qm_symbol=MEAOF:US
Metanor Resources Inc.
Exchange: TSXV Exchange | Sep 19, 2018, 12:28 PM EDT
https://web.tmxmoney.com/quote.php?qm_symbol=MTO
Bonterra Resources Inc
Exchange: OTCQX Marketplace | Sep 19, 2018, 12:19 PM EDT
https://web.tmxmoney.com/quote.php?qm_symbol=BONXF:US
BonTerra Resources Inc.
Exchange: TSXV Exchange | Sep 19, 2018, 12:26 PM EDT
https://web.tmxmoney.com/quote.php?qm_symbol=BTR
Metanor Resources In (MEAOF)
0.5 ? 0.06 (13.64%)
Volume: 11,000 @ 11:48:06 AM EDT ET
Bid Ask Day's Range
0.481 0.519 0.4584 - 0.5
God Bless
Metanor Resources In (MEAOF)
0.3934 ? 0.02006 (5.37%)
Volume: 1,125 @ 9:46:53 AM EDT ET
Bid Ask Day's Range
0.381 0.4075 0.3934 - 0.3997
MEAOF Detailed Quote
METANOR COVERS 8.4 G / T OVER 5.5 METERS IN MOROY
July 5, 2018 - Val-d'Or, Quebec, Canada:
Metanor Resources Inc. ("Metanor") (TSX-V: MTO) is pleased to announce
the results of the ongoing underground drilling program in the area
Moroy, including new high grade results of 8.4 g / t Au over 5.5 meters,
11.0 g / t Au over 4.0 meters and
10.7 g / t Au over 4.4 meters.
These new results demonstrate the high grade continuity of
the Moroy Zone along the eastward structure.
The drilling results of the new holes are as follows:
MY18-063 from 140.2 m to 145.7 m. 8.4 g / t Au over 5.5 m
Intermediate volcanic rock, weakly hematised and epidotised, 0.5% to 1% finely disseminated pyrite.
MY18-054 from 87.8 m to 92.2 m 10.7 g / t Au over 4.4 m
Sheared volcanic rock, weak to moderate hematite alteration, trace of finely disseminated pyrite.
MY18-070 from 140.5 m to 144.5 m 11.0 g / t Au over 4.0 m
Intermediate volcanic rock, moderate to strong hematite alteration, 0.5-1% finely disseminated pyrite.
Highlights from the last 36 drill holes that intersected the gold mineralization are listed below:
http://www.metanor.ca/communiques-presse/metanor-recoupe-84-gt-55-metres-a-moroy/
God Bless
Bonterra to Acquire Metanor, Expanding Strategic Position in Urban Barry Camp and De-risking Potential Path to Production
VANCOUVER, June 18, 2018 /PRNewswire/ -
Bonterra Resources Inc. ("Bonterra" or the "Company") (TSX-V:BTR, US:BONXF, FSE:9BR1) and
Metanor Resources Inc. ("Metanor") (TSX-V:MTO)
are pleased to announce that they have entered into a binding letter of
intent dated June 17, 2018 (the "LOI") to combine Bonterra and Metanor
(the "Transaction") to create an exciting new advanced Canadian gold
exploration and development company focused on becoming the leader in
the building out and future mining development of the Urban Barry
Quebec Gold Camp.
The Transaction contemplates that Bonterra will acquire all of the
issued and outstanding common shares of Metanor for C$0.73 in equity
consideration, at an exchange ratio of 1.6039 Bonterra shares, for each
Metanor share. Immediately prior to the completion of the
Metanor acquisition,
Bonterra will spin out its Larder Lake assets in
Ontario, Canada, and a specified amount of cash (the "Spin-Out"), in
order to create a well-capitalized and exciting new exploration
opportunity for its shareholders.
Highlights of the Transaction:
https://web.tmxmoney.com/article.php?newsid=6003256138622922&qm_symbol=MTO
God Bless
METANOR RES INC. V.MTO Alternate Symbol(s): MEAOF
http://www.stockhouse.com/companies/bullboard?symbol=v.mto
God Bless
Bonterra proposes merger with rival Canadian gold miner Metanor -
https://www.compelo.com/energy/news/bonterra-proposes-merger-with-rival-canadian-gold-miner-metanor/
Bonterra Resources has proposed to acquire rival Canadian gold exploration
and development firm Metanor Resources for C$78m ($58.93m) in an
all-stock deal to expand its position in the Urban Barry Camp in Quebec,
Canada.
The combined company of Bonterra and Metanor will gain control of three
advanced high grade gold deposits in the form of
Gladiator, Bachelor, Barry along with significant regional priority
targets with resource upside potential.
According to Bonterra, the enlarged firm will also get 100% control of
the only permitted gold mill in the Urban Barry Camp.
The gold mill comes with an expandable centralized production facility
and is surrounded by more than 15 known gold deposits located within a
radius of 100km.
Bonterra expects the merger to help in de-risking its Gladiator project.
The company said that Metanor’s mill infrastructure will give it the
scope to significantly cut down the capital requirements and compress
the timelines to push the Gladiator project towards potential
production.
Bonterra president and CEO Nav Dhaliwal said: “We believe we will be
able to develop a much larger and more significant resource profile
within the Urban Barry Camp. The availability and ownership of a
permitted and expandable processing facility certainly places Bonterra
in an excellent position to rapidly and cost effectively become a
significant Quebec based gold producer.”
As per the proposal, Bonterra will acquire all the shares of Metanor for
C$0.73 ($0.55) in equity consideration.
The exchange ratio of the deal will be 1.6039 Bonterra shares for each
Metanor share.
Following the merger, existing Bonterra and Metanor shareholders will
own about 58% and 42% stakes, respectively in the enlarged company.
Metanor chairman and interim CEO Greg Gibson said: “Putting together
two, arguably, undervalued companies like Metanor and Bonterra is
extremely beneficial and logical in a number of ways.
“Resource growth, exploration synergies and de-risking the path to
production are all considerations, as well as potential to access
different and larger markets and shareholders.”
Prior to the acquisition of Metanor, Bonterra plans to spin out its
Larder Lake assets in Ontario along with a specified amount of cash.
The company said that it is planning the move to create a well-
capitalized and new exploration opportunity for its shareholders.
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https://www.compelo.com/energy/news/bonterra-proposes-merger-with-rival-canadian-gold-miner-metanor/
http://www.stockhouse.com/companies/quote?symbol=v.btr
Eric Sprott Announces Support Agreement with Respect to Proposed Plan of Arrangement Between Metanor Resources Inc. and Bonterra Resources Inc.
V.BTR, V.MTO | 18 hours ago
Read more at
http://www.stockhouse.com/news/press-releases/2018/06/18/eric-sprott-announces-support-agreement-with-respect-to-proposed-plan-of#wb40vAfbqUYSG5om.99
http://www.stockhouse.com/companies/quote?symbol=v.mto
Bonterra to Acquire Metanor, Expanding Strategic Position in Urban Barry Camp and De-risking Potential Path to Production
V.BTR, V.MTO | 19 hours ago
Read more at
http://www.stockhouse.com/news/press-releases/2018/06/18/bonterra-to-acquire-metanor-expanding-strategic-position-in-urban-barry-camp#0uexhESQQIEYXerM.99
http://www.bonterraresources.com/
Metanor Res Inc. (MEAOF & MTO)
http://www.metanor.ca/en/press-releases/
http://www.metanor.ca/
God Bless America
Metanor Resources In (MEAOF)
0.4 ? -0.0105 (-2.56%)
Volume: 2,000 @ 10:51:12 AM EDT ET
Bid Ask Day's Range
0.4 0.421 0.4 - 0.4
MEAOF Detailed Quote
Metanor Res Inc. (MEAOF & MTO)
http://www.metanor.ca/en/press-releases/
http://www.metanor.ca/
https://harveyorganblog.com/
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
IMO!
- God Bless
Metanor Res Inc. (MEAOF & MTO)
http://www.metanor.ca/en/press-releases/
http://www.metanor.ca/
https://harveyorganblog.com/
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
IMO!
- God Bless
Metanor Resources In (MEAOF)
0.446 ? 0.005 (1.13%)
Volume: 100 @ 9:36:23 AM EDT ET
Bid Ask Day's Range
0.422 0.444 0.446 - 0.446
MEAOF Detailed Quote
Metanor Resources In (MEAOF)
0.501 ? -0.0111 (-2.17%)
Volume: 200 @ 2:28:42 PM EST ET
Bid Ask Day's Range
0.4915 0.504 0.501 - 0.5016
Metanor Res Inc. (MEAOF & MTO)
http://www.metanor.ca/en/press-releases/
http://www.metanor.ca/
https://harveyorganblog.com/
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
BITCOIN is more popular than fiat$666 -
get it for free -
https://moneynetwork.usitech-int.com/
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
IMO!
- God Bless
Get Ready, Gold Showing Signs It's headed to $1,700 or Higher - Analyst
December's volatility has been a nail biter for gold but the last three days many contain the greatest clues as to where the metal is headed in 2018.
ByDaniela Cambone
Dec 18, 2017 8:54 AM EST
https://www.thestreet.com/video/14422531/get-ready-gold-showing-signs-it-s-headed-to-1-700-or-higher-analyst.html
Metanor Resources In (MEAOF)
0.536 ? 0.0 (0.00%)
Volume: 0 @- ET
Bid Ask Day's Range
0.489 0.552 - - -
https://harveyorganblog.com/
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
BITCOIN is more popular than fiat$666 -
get it for free -
https://moneynetwork.usitech-int.com/
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
IMO!
- God Bless
Merry Christmas
Just like I said, dilution is a bad thing for the sp..that is why it is down again today.
Bad news I reread the PR and its Canadian cents because the PR said not for release in USA
private placement at 70 cents a share..that should help if it is USA cents and not Canadian cents
Great news NYBob. Thanks for sharing.
METANOR HITS MULTIPLE GOLD-BEARING SHEAR ZONES AT BARRY; INTERCEPTED 14.5 G/T OVER 2 METRES -
http://www.metanor.ca/en/press-releases/
Metanor Resources Inc. - Slide Show Presentation in Zurich -
TSX-V: MTO
Pascal Hamelin, President & COO
TSX-V: MTO
Launch the Presentation -
http://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2017/11/07/metanor-resources-inc/play/stream/23844
METANOR PRESENTATION – OCTOBER 2017 - Welcome to our Corporate Presentation -
http://www.metanor.ca/wp-content/uploads/2017/05/Corporate-presentation-2017-1910Eng-1.pdf
http://www.metanor.ca/en/corporate-presentation/
Eric Sprott discusses the renewed rally in the precious metals sector and
where prices are headed into year end -
Metanor Resources Inc. - Slide Show Presentation in Zurich -
TSX-V: MTO
Pascal Hamelin, President & COO
TSX-V: MTO
Launch the Presentation -
http://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2017/11/07/metanor-resources-inc/play/stream/23844
METANOR PRESENTATION – OCTOBER 2017 - Welcome to our Corporate Presentation -
http://www.metanor.ca/wp-content/uploads/2017/05/Corporate-presentation-2017-1910Eng-1.pdf
http://www.metanor.ca/en/corporate-presentation/
Eric Sprott discusses the renewed rally in the precious metals sector and
where prices are headed into year end -
METANOR PRESENTATION – OCTOBER 2017 - Welcome to our Corporate Presentation -
http://www.metanor.ca/wp-content/uploads/2017/05/Corporate-presentation-2017-1910Eng-1.pdf
http://www.metanor.ca/en/corporate-presentation/
Eric Sprott discusses the renewed rally in the precious metals sector and
where prices are headed into year end -
Eric Sprott REVEALED * Gold Stocks 2018 Could Be the Place to Invest for the Next Five Years!
MEAOF buy 0.6019
macd above 0 so chart is uptrending
stochastics crossed up to buy the dip
stop alert below the recent low or two nearby, or hold until macd crosses below 0 later for a profit
with this method different people can have different long or short positions, on different timeframes, for the same stock and all have the same good chance to be profitable
doesn't matter what someone else or other people are doing, their timing and directions can be the same or not
normal chart
log chart
This is awesome NYBob. Yes, in GOD do we trust!
bigone thank you, MTO Chart TA LT bullish -
TA LT @ low turn around, bargain price oversold, undervalued )
Great precious gold mine assets -
http://www.metanor.ca/wp-content/uploads/2017/05/Ressources-M%C3%A9tanor-Corporate-presentation-2017-07-v1-french.pdf
http://www.metanor.ca/
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
- God Bless -
Metanor Resources In (MEAOF)
0.6394 ? 0.0072 (1.14%)
Volume: 1,900 @ 10:14:59 AM ET
Bid Ask Day's Range
0.611 0.638 0.594 - 0.6394
Metanor Res Inc. (MTO)
0.8 ? 0.02 (2.56%)
Volume: 4,000 @ 10:11:49 AM ET
Bid Ask Day's Range
0.78 0.8 0.8 - 0.8
TSXV:MTO Detailed Quote
http://www.metanor.ca/presentations-corporatives/
http://www.metanor.ca/type-propriete/mines-en-operations/
Metanor Resources (TSXV: MTO): All Signs Point to a Company Sale -
Posted By SmallCapPower - April 28, 2017
https://smallcappower.com/top-stories/metanor-resources-mto-takeover/
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=130884706
Metanor Resources Inc. - very undervalued and oversold -
https://finance.yahoo.com/quote/MTO.V?p=MTO.V
http://www.rense.com -
http://www.whatdoesitmean.com/ -
http://www.biblebelievers.org.au/monie.htm
http://www.kitconet.com/images/live/au0001wb.gif
- God Bless
Metanor Resources In (MEAOF)
0.6836 ? 0.01623 (2.43%)
Volume: 10,000 @ 10:27:41 AM ET
Bid Ask Day's Range
0.656 0.679 0.6755 - 0.6836
MEAOF Detailed Quote
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=131454502
God Bless
Metanor Resources In (MEAOF)
0.7015 ? 0.0015 (0.21%)
Volume: 1,000 @ 10:03:12 AM ET
Bid Ask Day's Range
0.683 0.709 0.7015 - 0.7015
MEAOF Detailed Quote
bigone thank you, Eric Sprott Chaairman of Kirkland Lake Gold -
has been good for investors since Chairman Sprott taken his
interest -
ex.
Eric Sprott new acquisition -
Eric Sprott Announces Acquisition of Securities of Metanor Resources Inc.
TORONTO, ONTARIO--(Marketwired - March 29, 2016) -
Eric Sprott ("Sprott") announces
that between March 17 and March 23, 2016, he acquired (the
"Acquisition") ownership and control over 8,698,000 common shares (the
"Acquired Shares") of Metanor Resources Inc. (the "Corporation"),
representing approximately 2.1% of the currently issued and outstanding
common shares of the Corporation (the "Shares") on a non-diluted basis.
The Acquired Shares were purchased at prices ranging from Cdn. $0.0788
to Cdn. $0.095 per Acquired Share.
As of the date hereof, after giving effect to the Acquisition,
Sprott beneficially owns, or exercises control or direction over:
(i) 38,698,000 Shares; and
(ii) 20,000,000 common share purchase warrants of the Corporation.
Based on the foregoing, Sprott beneficially owns, or exercises control
or direction over approximately 9.2% of the currently issued and
outstanding Shares on a non-diluted basis, and
approximately 13.3% of the currently issued and outstanding Shares
on a partially-diluted basis.
The Acquired Shares were purchased through the facilities of
the TSX Venture Exchange.
The Acquired Shares were acquired for investment purposes.
Sprott has a long-term view of the investment and
Sprott and any joint actors do not intend at this time to acquire
additional Shares, but may acquire additional Shares either on
the open market or through private acquisitions or sell the Shares
either on the open market or through private dispositions in the future
depending on market conditions, reformulation of plans and/or other
relevant factors.
http://www.marketwired.com/press-release/eric-sprott-announces-acquisition-of-securities-of-metanor-resources-inc-2109927.htm
- God Bless -
this co. just reported a profit..that is a change from previous ER's. Very, very good..let's give one loud cheer..yipee!
This could get very interesting.
Great article
Up until recently, Metanor was thought of as a nice ‘little’ high-grade
gold project but with far too many shares outstanding (more than half a
billion fully diluted). That all changed in 2017. Metanor Resources did a
1-for-10 share consolidation earlier this month
(it now has just about 63 million shares).
$300 million buyout (5.00/share) is very possible! (maybe more) keep drilling!
ilove is right on.
by gnote
Thanks -
- God Bless -
Great article
Up until recently, Metanor was thought of as a nice ‘little’ high-grade
gold project but with far too many shares outstanding (more than half a
billion fully diluted). That all changed in 2017. Metanor Resources did a
1-for-10 share consolidation earlier this month
(it now has just about 63 million shares).
$300 million buyout (5.00/share) is very possible! (maybe more) keep drilling!
ilove is right on.
by gnote
Thanks -
- God Bless -
Metanor Resources (TSXV: MTO): All Signs Point to a Company Sale -
Posted By SmallCapPower - April 28, 2017
https://smallcappower.com/top-stories/metanor-resources-mto-takeover/
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=130884706
Metanor Resources Inc. - very undervalued and oversold -
https://finance.yahoo.com/quote/MTO.V?p=MTO.V
http://www.rense.com -
http://www.whatdoesitmean.com/ -
http://www.biblebelievers.org.au/monie.htm
http://www.kitconet.com/images/live/au0001wb.gif
- God Bless
bigone' on 'Metanor Resources Inc. (MEAOD) thank you - Eric Sprott -
15 April 2017 -
Geopolitical events. physical demand are driving gold & silver prices -
Revengeance Economics -
We really appreciate your contributions to this board NYBob.
It may take longer than I originally guessed. We shall see.....
Looks like the take over will not take long to complete?
MEAOF one for 10 reverse split:
http://otce.finra.org/DLSymbolNameChanges
METANOR ANNOUNCES THE RETIREMENT OF THE COMPANYS’ FOUNDERS -
April 12, 2017 – Val-d’Or, Québec, Canada –
Metanor Resources Inc. (the “Company”) (TSX-V: MTO) announces
the retirement of the Company’s’ founders Mr. Serge Roy, Executive
Chairman and Mr. Ghislain Morin, President, CEO and director,
effective immediately.
http://www.metanor.ca/en/communiques-presse/metanor-announces-the-retirement-of-the-companys-founders/
Mr. Greg Gibson, Chairman of the Board, has been appointed to the position of Interim Chief Executive Officer and Mr. Pascal Hamelin, Vice-president of Operations with the Company for the past 4 years, will take on the role of President and Chief Operating Officer. Mr. Hamelin is a member of the Ordre des ingénieurs du Québec and of the Professional Engineers of Ontario. He cumulates over twenty-five years of experience in mining engineering, operations, and project management in both surface and underground mining operations. Prior to joining the Company in 2010, he spent 16 years in the Sudbury mining camp for Inco Ltd. and the last 10 years in the Abitibi mining camp.
Mr. Gibson states: “We appreciate and are grateful to the company founders Serge and Ghislain for their perseverance over the years in building the foundation of a Company that is now ready to move into its next phase. They leave the Company in a strong financial position and with an upcoming new strategic investor/partner Kirkland Lake Gold. We wish them happiness in their retirement and continued success in any future endeavors they decide to pursue. We look forward to advancing Metanor as a high grade, low cost operating company with untapped exploration potential in the heart of one of the most active regions in Canada.”
About the Company
Metanor Resources Inc. is a Quebec based emerging gold producer having its main assets, the Bachelor mine and the Barry project, in addition to over 15,000 ha of exploration property, located in the mining-friendly jurisdiction of Quebec, in the heart of the Urban-Barry Camp. With the support of strategic investors, a strong management team experienced at all levels of project development and project financing, Metanor is seeking to develop additional projects in a responsible manner.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
For more information, please contact:
Ronald Perry, Vice-president
Telephone: 514-262-8286
email: rperry@metanor.ca
2872, chemin Sullivan, suite 2
Val-d’Or, QC J9P 0B9
http://www.metanor.ca/en/communiques-presse/metanor-announces-the-retirement-of-the-companys-founders/
http://www.metanor.ca/en/propriete/mine-bachelor/
- God Bless -
We own some Kirkland Lake also.
bigone thank you, NEW STRATEGIC INVESTOR FOR METANOR: KIRKLAND LAKE GOLD
April 4, 2017 – Val-d’Or, Québec, Canada –
Metanor Resources Inc. (the “Corporation“) (TSX-V: MTO) is pleased to
announce that it intends to complete a private placement financing
pursuant to which Kirkland Lake Gold Ltd. will acquire up to
103,571,429 Units of the Corporation (the “Units“) on a pre-
consolidated basis at a price of $0.07 each, for gross proceeds in
the amount of $7,250,000.
Each Unit will consist of one common share (“Share”) and one-half of
one common share purchase warrant (each full warrant, a “Warrant“)
which will entitle the holder to purchase one Share of the
Corporation at a price of $0.09 for a period of 24 months following
closing (on a pre-consolidation basis).
In addition, funds managed by Wexford Capital LP (“Wexford”) will be
subscribing for 18,750,000 Units for gross proceeds in the amount of
$1,312,500. Upon completion of the Offering,
Wexford will hold 14.2% of the issued and outstanding Shares on a non-
diluted basis and 19.9% on a partially diluted basis assuming the
exercise of Warrants.
http://www.metanor.ca/en/communiques-presse/2428/
http://www.metanor.ca/en/
- God Bless -
Enjoy seeing the activity.
something tells me that MEAOF may turn into something good...three month chart looks good.
Metanor Res Inc. (MTO) 0.095 ? 0.01 +11.76% )
Volume: 1,281,000 @ 11:30:51 AM ET
Bid Ask Day's Range
0.1 0.1 0.09 - 0.095
TSXV:MTO Detailed Quote
Metanor Resources Announces $7 Million Brokered Private Placement
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/494-tsx-venture/mto/29361-metanor-resources-announces-7-million-brokered-private-placement.html
trading halt today?
- God Bless -
Metanor Resources In (MEAOF)
0.0528 ? 0.0 (0.00%)
Volume: 21,000 @ 12:32:25 PM ET
Bid Ask Day's Range
0.0475 0.0528 0.0475 - 0.0528
MEAOF Detailed Quote
Metanor Res Inc. (MTO)
0.07 ? 0.0 (0.00%)
Volume: 703,000 @ 2:35:03 PM ET
Bid Ask Day's Range
0.06 0.07 0.065 - 0.07
TSXV:MTO Detailed Quote
METANOR REPORTS NET INCOME OF $2 MILLION FOR THE QUARTER ENDED DECEMBER 31, 2016; RAISES GUIDANCE
February 8, 2017 – Val-d’Or, Quebec, Canada:
Metanor Resources Inc. (“Metanor”) (TSX – V: MTO) is pleased to report its
financial and operating results for the quarter ended December 31st 2016
(fiscal Q2 2017). This press release should be read in conjunction with
Metanor’s financial statements for the quarter ended December 31st 2016
and related… Read more »
http://www.metanor.ca/en/press-releases/
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=126233191
- God Bless -
newly released PR dated 2-17-2017 but no reaction sharepricewise.
Stock making money but refuses to increase in SP..what the heck is going on..why can't this stock rise to where it should be ..around 15 cents at least???????
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