Metanor Resources / MTO (CVE)

    @Silbernugget


    MTO ist dabei die Produktion ans Laufen zu bringen, demnächst 700 tpd sieben Tage die Woche, nächstes Jahr möglicherweise bis zu 1000 tpd und 64.000 Unzen.


    Kurzfristig ist MTO interessant weil die Bevölkerung vor Ort sehr viele Aktien hält und deshalb nur wenige im freien Handel sind. Langfristig ist MTO interessant weil es vermutlich mehrer Mille Unzen gibt. Positiv ist auch dass MTO immer bekannter wird, siehe zB The Gold Stock Strategist.


    Interessant sind auch andere Companies, zB AMC.TO, GORO.OB, KNB.V (Warrants beachten...).


    VG heron

    @ heron


    Danke das nächste cash geht an Metanor.


    KNB ist auch ein muß, die 16 mio warrants werden den Kurs aber bis September blockieren, dann sollte man aber rein.
    An der OTC mag ich nichts kaufen, und die Produktionskosten von GORO glaube ich nicht.
    AMC schaue ich mir mal an.
    GOZ : Gut aber ich glaube es gibt bald ein PP.


    Grüße


    Silbernugget

    Metanor Drills 6.12 g/t Au Over 37.8m (36.1 m True Width) 80m South of the Open Pit at Barry :)


    VAL-D'OR, QUEBEC--(Marketwire - Sept. 18, 2008 ) - Metanor Resources Inc. (TSX VENTURE:MTO) is pleased to announce positive and encouraging results from its drilling campaign on the Barry property. Diamond drill hole MB-08-297 intersected a wide mineralized zone grading 6.12 g/t Au over 37.8 m. This mineralized zone is located 80m to the south of the open pit, at 25m below surface and results obtained confirm the significant potential for additional resources in this gold bearing zone. (...)


    VG heron

    Super Meldung :thumbup:


    Und verdammt klever gemacht, weil da fehlt was... :D


    Commercial Production Begins: Metanor-North America's Newest Gold Producer


    VAL-D'OR, QUEBEC--(Marketwire - Oct. 1, 2008 ) - Metanor Resources Inc. (TSX VENTURE:MTO) is pleased that it is announcing formal commercial production beginning today. The Company has recently received permits from the Quebec Government to operate the Bachelor Lake Mill Facility and to continue operate and mine the Barry Pit. Metanor is presently operating uninterrupted 7 days a week, 24 hours per day at an average rate of 680 tons per day with over 96% recovery. The mill is capable of processing 700-750tpd and the team is working diligently to constantly improve the tonnage while maintaining the recovery rate. During the summer, an additional third ball mill was successfully commissioned in order to handle the increased tonnage as well as other required modifications this work was completed at cost of approximately $500,000 which is about $1,000,000 less than the original quotation received. Mr. Ghislain Morin, President and COO stated "We greatly appreciate the work of Mr. Claude Imbeault, Vice-President-Operations and his team for making this historic day possible, Metanor has worked hard to achieve the status of a new gold producer with high environmental and work safety standards at the mill and mine site (507 days without incident). Being a gold producer enables the Company to finance its own exploration without raising additional capital in these restricted credit/capital markets."


    With respect to the operation of the mill which is processing the ore from the Barry open pit, Metanor has already poured approximately 13,000 ounces of dore gold bars during the bulk sampling and pre-production phases. With a cash cost of approximately $375CDN/oz and the present gold price around $900CDN/oz, Metanor, together with its present unhedged strategy, is well positioned to take advantage of the current and future positive market conditions with respect to gold. Mr. Serge Roy, Chairman and CEO stated, "Metanor is now poised to become North Americas' newest low cost gold producer as well as continue to develop its current portfolio of properties which includes the ever growing Barry Pit, the open at depth Bachelor Lake Mine as well as the promising Nelligan property which is only 4.5 km from the mill. With virtually no long term debt, together with our line of credit, we can take advantage of any situation that should arise in the future".


    As stated in our last press release, we are anticipating to release further results from our drilling campaign of this summer as well as results from channel samples taken in the extension of the Barry pit. Visible gold was present in many channel samples taken.


    Mr. Andre Tremblay, P Eng. is the qualified person pursuant to National Instrument 43-101 and supervised the technical information presented in the news release.


    73,469,693 outstanding shares


    The TSX Venture Exchange does not accept any responsibility for the adequacy or the accuracy of the press release.


    ---
    VG heron

    December 22, 2008
    CLOSING OF PRIVATE PLACEMENTS - METANOR RESOURCES INC


    December 22, 2008, Val-d'Or, Quebec, Canada: Metanor Resources Inc. ("Metanor" or the "Company") announces the closing, on December 19, 2008, of a private placement as disclosed last November 26 and December 18. This closing allows Metanor to accept the subscription of 4,288,089 Flow-Through Common Shares at the price of $0.45 per share, for a gross amount of $1,929,640.05. Raymond James Limited acted as agent for said private placement.


    The proceeds from the private placement will be used for surface drilling at the Company's Hewfran and Barry (Zone 51) projects. Said gross proceeds will be used to incur expenses that qualify as Canadian Exploration Expenses ("CEE"), which the Company will renounce in favor of subscribers pursuant to the Income Tax Act (Canada).


    In addition, Metanor closed a non-brokered concurrent private placement with one investor pursuant to which Metanor issued 1,200,000 Flow-Through Common Shares at a price of $0.50 per share, as disclosed last December 18. The proceeds from this placement, amounting to $600,000, will be used for exploration expenses on the Nelligan and Hewfran properties, located in Quebec. Said exploration expenses will qualify as CEE and will be renounced pursuant to the Income Tax Act (Canada) and the Taxation Act (Quebec).


    Each subscriber is qualified as an accredited investor. The securities issued are subject to resale restrictions, in accordance with applicable securities legislation, requiring that the securities not be traded before April 20, 2009.


    The Flow-Through Common Shares have not been registered under the United States Securities Act of 1933 (the "Act") and may not be offered or sold absent registration under the Act or an applicable exemption from the registration requirements thereof. This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction or an exemption therefrom.


    The TSX Venture Exchange does not accept any responsibility for the adequacy or the accuracy of the press release.


    For further information please contact:



    Serge Roy, CEO
    Tel.: 819-825-8678 E-mail : info@metanor.ca


    2872, Sullivan Road , Suite 2


    P.O. Box 420 , Sullivan PO Val-d'Or , QC J9P 0B8

    March 5, 2009
    METANOR ANNOUNCES PRIVATE PLACEMENT


    MARCH 5, 2009 - VAL-D'OR, QUEBEC, CANADA: Metanor Resources Inc. («Metanor» or the «Company») is pleased to announce that it has entered into an agreement with Northern Securities Inc. pursuant to which Northern Securities Inc. will act as lead agent (the «Agent») for the offering on a best efforts basis of up to 24,000,000 units at a price of $0.50 per share for a gross proceeds of up to $12,000,000 (the «Offering») on a private placement basis. Each unit consists of one Common Share of Metanor and one-half of a Share Purchase Warrant. Each whole Share Purchase Warrant entitles its holder to subscribe for one Common Share of Metanor at a price of $0.65 per share for a period of 24 months following the closing of the Offering. The closing of the Offering will be held on March 31, 2009, or such other date as the Agent and the Company may agree upon. The Agent will have the right exercisable at any time prior to closing of the Offering to increase the size of the Offering by a further 6,000,000 units ($3,000,000).


    Northern Securities Inc. as Agent shall receive a cash commission of 6% of the aggregate gross proceeds and Broker's Warrant equal to 6% of the number of units sold pursuant to the Offering. Each Broker's Warrant will be exercisable into one unit at a price of $0.50 per unit at any time within a period of 24 months following the closing.


    The net proceeds from the Offering will be used to fund a work program for the rehabilitation and improvement of the surface infrastructure of the Bachelor Mine in order to give access to underground resources of the Bachelor Mine and of the Hewfran Property.


    The Common Shares and the Share Purchase Warrants offered in units have not been registered under the United States Securities Act of 1933 (the «Act») and may not be offered or sold absent registration under the Act or an applicable exemption from the registration requirements thereof. This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction or an exemption therefrom.
    The TSX Venture Exchange does not accept any responsibility for the adequacy or the accuracy of the press release.


    For further information please contact:
    Serge Roy, CEO
    Tel.: 819-825-8678 E-mail : info@metanor.ca
    2872, Sullivan Road , Suite 2 P.O. Box 420 , Sullivan PO Val-d'Or , QC J9P 0B8

    Nachdem erst kürzlich 179 Mio neue Aktien ausgegeben wurden (Einstieg u.a. von Sprott; alle Zahlen gerundet), gab es am 23. März 628 Mio (ohne warrants usw.). Jetzt kommen nochmal 143 Mio dazu. Dann sind es also 771 Mio. Davon gehören 322 Mio den neuen Aktionären, das sind 42 %. Bezahlt haben sie 21,5 Mio CAD. Für die Altaktionäre bleibt immer weniger übrig.
    Immerhin sehen kompetente Leute hier offenbar Chancen. Daher behalte ich meinen kleinen Bestand erst mal.


    Gruß! Fritz

    „Pressefreiheit ist die Freiheit von zweihundert reichen Leuten, ihre Meinung zu verbreiten.“ — Paul Sethe. Leserbrief SPIEGEL, 5. Mai 1965.

Schriftgröße:  A A A A A