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Metanor Resources Inc.: Amendment to Loan Agreement

Aug 29 2013 12:00AM

Marketwire

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VAL-D'OR, QUEBEC -- (Marketwired) -- 08/29/13 -- Metanor Resources Inc. ("Metanor") (TSX VENTURE: MTO) is pleased to announce that it has been granted an additional three (3) month moratorium from Ressources Quebec, before capital repayments on the outstanding loan begin in November 2013.

About Ressources Quebec Inc.

As a subsidiary of Investissement Quebec, Ressources Quebec Inc. is the gateway for companies seeking to invest in the mining and hydrocarbon industries. The company specializes in mines and hydrocarbons. It offers a full range of financial products, including investments in share capital, debentures and various types of loans.

About Metanor

Metanor is a Canadian based gold mining company with a focus on adding value per share through efficient production, exploration, and development of it properties.

Cautionary Language and Forward-Looking Statements

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this discussion, other than statements of historical facts, that address future exploration drilling, exploration activities, anticipated metal production, internal rate of return, estimated ore grades, commencement of production estimates and projected exploration and capital expenditures (including costs and other estimates upon which such projections are based) and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in forward-looking statements.

Neither the TSX Venture Exchange, nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

277,716,066 outstanding shares



Contacts:
Metanor Resources Inc.
Ronald Perry
Vice-President
514-262-8286
rperry@metanor.ca





Source: Marketwire