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BRIEF-Metanor announces increase to brokered private placement

Published 2017-03-06, 03:27 p/m
© Reuters.  BRIEF-Metanor announces increase to brokered private placement
MTO
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March 6 (Reuters) - Metanor Resources Inc MTO.V :

* Metanor announces increase to brokered private placement

* Increased size of its private placement, disclosed in a press release dated February 15, 2017, from $7 million to $11.5 million

* Net proceeds from sale of units will be used for mining development and exploration at Barry project

* Under increased offering, may issue a combination of units for $0.06 per unit, flow-through shares at price of $0.075 per FT share Source text for Eikon: Further company coverage: MTO.V

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