Each unit contains 1 common share and 1/2 of a common share purchase warrant. A whole common share purchase warrant enables its holder to purchase 1 common share for $0.65 per share for a period of 24 months following the close of the offering.
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Metanor plans to use its net proceeds to increase and upgrade its mineral resources on its Barry property, advance development activities at Bachelor properties and for general corporate purposes.
Metanor Resources Inc. (Metanor) is a Canada-based company engaged in the exploration and development of mining properties. The Company’s properties include Bachelor Lake Property, Hewfran Property, Barry Property, Nelligan Property, Opinaca Property, Wahnapitei Property, Dubuisson Property and Vassan Property.
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