April 19-1012

 

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES, OR DISSEMINATION IN THE

UNITED STATES.

 

METANOR RESOURCES INC. ANNOUNCES THE EXECUTION OF A LOAN AGREEMENT

OF $7,000,000 WITH INVESTISSEMENT QUÉBEC

 

April 19, 2012 – Val-D’Or, Québec, Canada: Metanor Resources Inc. (“Metanor”) (TSX-V: MTO) is

pleased to announce the execution, on April 16, 2012 (the “Execution Date”), of a 12% interest loan

agreement of $7,000,000 with Investissement Québec (“IQ”) providing the issuance of a total of

2,640,392 shares.

 

Metanor will use the proceeds of the loan on the development of the Bachelor Mine Project and for

general working capital purposes.

 

Serge Roy, Chairman and CEO and Ghislan Morin, President and COO both stated, “We are happy

of the confidence of Investissement Québec in the Corporation, its employees and the Bachelor Mine

Project and of their investment of $7,000,000.”

 

All securities issued are subject to a holding period of four months and one day from the date of

issuance of shares.

 

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.

 

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