Metanor Resources Inc. (fka MEAOF)

[NYBob]

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 -