Metanor Resources Inc.

Metanor Resources Inc.

May 30, 2013 13:18 ET

Metanor Closes First Tranche of Private Placement

VAL-D'OR, QUEBEC--(Marketwired - May 30, 2013) - Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO) has completed a first tranche of $646,015, in the private placement offering of a maximum amount of $1,500,000. The offering consists of flow through common shares (the "Shares") priced at 0.10$ each. In connection with this closing, 6,460,150 Shares were issued and such Shares are subject to a four month and one day hold period. A second closing is expected to take place the week of June 10th 2013.

The net proceeds will be used for exploration work on Metanor's Quebec properties.

In connection with the private placement, Metanor paid a cash finder's fee of 8.5% to Marquest Capital Markets and Casimir Capital Ltd.

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.

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

Contact Information