March 6, 2017 / 8:28 PM / 5 months ago

BRIEF-Metanor announces increase to brokered private placement

March 6 (Reuters) - Metanor Resources Inc :

* Metanor announces increase to brokered private placement

* Increased size of its private placement, disclosed in a press release dated February 15, 2017, from $7 million to $11.5 million

* Net proceeds from sale of units will be used for mining development and exploration at Barry project

* Under increased offering, may issue a combination of units for $0.06 per unit, flow-through shares at price of $0.075 per FT share Source text for Eikon: Further company coverage:

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