06:05:03 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Metanor Resources Inc
Symbol MTO
Shares Issued 356,957,733
Close 2015-09-01 C$ 0.05
Market Cap C$ 17,847,887
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Metanor pays off $7M loan, names Parker general manager

2015-09-02 12:50 ET - News Release

Mr. Ghislain Morin reports

METANOR COMPLETES THE LAST PAYMENT ON RESSOURCE QUEBEC LOAN, AND ANNOUNCES MANAGEMENT CHANGE

Metanor Resources Inc., on Aug. 31, completed the last payment on a loan of $7-million from Ressources Quebec.

Ghislain Morin declares: "By completing this last payment, we cross another important milestone in improving our balance sheet. We wish to thank the team at Ressources Quebec for their financial support during the ramp-up of the Bachelor mine in the last three years."

Secondly, Metanor is proud to announce the appointment of Norman Parker as the new general manager of the Bachelor mine starting Sept. 8, 2015. Mr. Parker joins the team with over 30 years of experience in the mining industry. His education and experience are all elements that will contribute to the company's success. During the last five years, Mr. Parker was the general manager of the mining contractor Don Bourgeois & Fils.

The appointment of Mr. Parker coincides with the retirement of Claude Imbeault, the current general manager of the Bachelor mine. With over 48 years in the mining industry, Mr. Imbeault retires on Oct. 15 with a sense of accomplishment. The senior management wishes to thank Mr. Imbeault for his contribution to the development of the company, and wishes him a happy retirement with his wife Ginette. During the next few weeks, Mr. Imbeault will work with Mr. Parker to ensure a smooth transition.

We seek Safe Harbor.

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