Canadian Warrants

The warrants were issued pursuant to a private placement of 18.75 million units at a price of 80 cents per unit that was accepted for filing on May 29, 2007. Each unit was composed of a common share and one-half of one common share purchase warrant. One whole warrant allows its holder to purchase an additional common share, at an exercise price of $1 until May 15, 2012.

Metanor to begin trading at the open

2003-12-10 17:53 ET - New Listing

The company's initial public offering (IPO) prospectus dated Dec. 4, 2003, has been filed with and accepted by the TSX Venture Exchange and filed with and receipted by the British Columbia, Alberta, Ontario and Quebec securities commissions on Dec. 5, 2003, pursuant to the provisions of the British Columbia, Alberta, Ontario and Quebec securities acts.

The gross proceeds to be received by the company for the offering are $3-million (three million common shares at $1 per share). The company is classified as a mining exploration/development company (NAICS No.: 2123993).

Listing date:  at the close of business (5:01 EDT) on Dec. 10, 2003
Commence date:  at the opening Dec. 11, 2003, the common shares and share purchase warrants will commence trading on the TSX Venture Exchange, upon confirmation of closing
The closing of the public offering is scheduled to occur before the market opening on Dec. 11, 2003. A further notice will be issued upon receipt of closing confirmation.
Jurisdiction:  Canada
Capitalization:  unlimited common shares with no par value of which 9,615,951 common shares are issued and outstanding
Escrowed:  3,410,357 common shares
Transfer agent:  Computershare Trust Company of Canada

Symbol:  MTO
Cusip No.:  59138Q 10 3
Agent:  Canaccord Capital Corporation

Warrant capitalization:  three million warrants issued and outstanding
One share purchase warrant entitles the holder to purchase one common share at $1.30 to Dec. 15, 2004.

Warrant symbol:  MTO.WT
Warrant Cusip No.:  59138Q 11 1

Overallotment option:  the corporation has granted the agent an overallotment option allowing the agent to offer up to 15 per cent of the total number of units issued upon the closing of the maximum offering on the same terms as set forth above. If the maximum offering is subscribed the overallotment option may be exercised during the period of 60 days following the closing date on which the maximum offering is subscribed. If the overallotment option is exercised in full, the proceeds raised under the maximum offering will be $3.45-million

Agent's warrants:  300,000 non-transferable broker's warrants, plus 45,000 additional broker's warrants if overallotment options are fully exercised -- one warrant to purchase one share at $1 per share up to 12 months from the date of completion of the offering

For further information, please refer to the company's prospectus dated Dec. 4, 2003.
Metanor raises $5.63-million in warrant exercise