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Kirkland Lake Gold buying at Metanor Resources (V:MTO)

Updated Tuesday Jan 09, 2018 02:57 AM EDT

Kirkland Lake Gold Ltd. (KL), a 10% Holder, acquired 1,915,000 Common Shares on a direct ownership basis at a price of $0.700 through a prospectus or prospectus exempt offering on December 28th, 2017. The insider also acquired 957,500 Warrants on a direct ownership basis with an exercise price of $0.900 for 24 months. This represents a $1,340,500 investment into the company's shares and an account share holdings change of 18.5%.

Metanor Resources is in the Gold Sub Industry Group under the Basic Materials Sector.

Metanor Resources Inc. is engaged in the acquisition, exploration and development of mining properties, as well as the commercial production of the ore reserves of its Bachelor Lake and Hewfran properties. The Company operates through three segments: the mining site (Bachelor mine), exploration and corporate. The Bachelor Mine is located approximately 90 kilometers northeast of the city of Lebel-sur-Quevillon, Quebec, Canada. The Bachelor property consists of approximately 240 claims and over two mining concessions covering an area of approximately 7,566.73 hectares. The Company is conducting surface drilling program on its Moroy Property. The Company's properties also include Barry project, Wahnapitei Property, Dubuisson Property, Hewfran-2 Property, MJL-Hansen Property, Barry United Property, Barry Extension Property, MJL-2 Property, Nelligan Property, Barry-Souart Property, Geonova Property and Coniagas Property.

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Go to Metanor Resources Inc. (MTO)'s company page

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