The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from Marketwire

Metanor Resources Inc.: Amendment to Loan Agreement

Monday, June 03, 2013

Metanor Resources Inc.: Amendment to Loan Agreement

10:56 EDT Monday, June 03, 2013

VAL-D'OR, QUEBEC--(Marketwired - June 3, 2013) - Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO) announces that it has obtained a 3 month delay, until August 31 2013, before the commencement of the capital repayment on the loan from Investissement Quebec (please see www.sedar.com for details on loan). This amendment will give Metanor the required time to increase its monthly production to have the capital repayment period coincide with the start of commercial production. Interest payments continue to be made on a monthly basis.

About Metanor

Metanor is a Canadian based gold mining company with a focus on adding value per share through efficient production, exploration, and development of it properties.

Cautionary Language and Forward-Looking Statements

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this discussion, other than statements of historical facts, that address future exploration drilling, exploration activities, anticipated metal production, internal rate of return, estimated ore grades, commencement of production estimates and projected exploration and capital expenditures (including costs and other estimates upon which such projections are based) and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in forward-looking statements.

244,111,066 outstanding shares

FOR FURTHER INFORMATION PLEASE CONTACT:

Neither the TSX Venture Exchange, nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Contact Information:
Ronald Perry
Vice-President
514-262-8286
rperry@metanor.ca

Products
  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

GlobeLink.ca

Your number one partner for reaching Canada's Influential Achievers. learn more

Digital Business Solutions
Our Company
Customer Service
Globe Recognition
Mobile Apps
NEWS APP
INVESTING APP
Other Sections