SproutNews logo

Metron Announces Amended Private Placement Terms

VANCOUVER, BC / ACCESSWIRE / March. 24, 2017 / Metron Capital Corp. (“Metron” or “the Company”) announces that it has revised the terms of non-brokered private placement as previously announced by a news release dated December 8th, 2016.

The Company shall offer a non-brokered private placement of 65,000,000 units (the “Units”) of the Company at a price of $0.01 per Unit for aggregate proceeds of $650,000. Each unit comprises one common share of the Company with no warrants. This financing is subject to regulatory approval, and securities to be issued pursuant to the financing are subject to a four-month hold period under applicable Canadian securities law. Pursuant to the Offering, Metron may pay to finder’s fees equal to 10% of the gross proceeds of the Offering.

The proceeds of this financing will be used for general working capital and for preparation for the upcoming work program at Big Smoky.

On Behalf of the Board of Directors

METRON CAPITAL CORP.

Signed “Gurminder Sangha”

Gurminder Sangha

President

Contact Information: (604) 375-6005

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

SOURCE: Metron Capital Corp.

ReleaseID: 458073

Go Top