METANOR RESOURCES INC. ANNOUNCES THE
CLOSING OF A NON-BROKERED PRIVATE PLACEMENT
Metanor Resources Inc.
('Metanor') (TSX V: MTO) announces the second closing on December 23, 2010, of
a non-brokered private placement to Canadian investors for gross proceeds of
$780,250. The private placement consisted of 1,515,048 Flow-Through Shares (the
'Shares') at a price of $0.515 per share.
Metanor will use the net
proceeds of the private placement for exploration work on its admissible
properties located in the province of Qu�bec.
In connection with the
private placement, Metanor paid finders fees representing 7% of the gross
proceeds raised in the private placement.
All securities issued are
subject to a holding period of four months and one day from the date of
closing.
The Shares have not been
registered under the United States Securities Act of 1933 (the 'Act') and may
not be offered or sold absent of registration under the Act or an applicable
exemption from registration requirements thereof. This press release does not
constitute an offer to sell or a solicitation 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.
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Neither the TSX Venture
Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.
For further information
please contact:
Serge Roy, Chairman and CEO
Tel: 819-825-8678
E-mail: info@metanor.ca
2872, Sullivan Road, bureau 2, P.O. Box 420 Sullivan PO, Val-d'Or, Qu�bec J9P
0B8
www.metanor.ca
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