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
Neither the TSX Venture Exchange, nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Contact Information:
Vice-President
514-262-8286
rperry@metanor.ca