VAL-D'OR, QUÉBEC--(Marketwire - Aug. 8, 2011) - Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO) announces the grant of a stock option under its Stock Option Plan.
By resolution of the Board of directors dated of February 25, 2011, an option was granted in favour of an officer of Metanor. This option, for a total of 200,000 reserved shares at an exercise price of $0.32 per share, became effective on March 31, 2011, and was granted for a duration of 10 years.
Metanor is a Canadian based gold mining company with a focus on adding value per share through efficient exploration, and development of it properties. Maintaining a low risk profile through a strong operating team, sound financial management, and operating in secure jurisdictions like Quebec are key priorities for Metanor's management team.
201,686,865 outstanding shares
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