Metanor adds the following details to the press release dated May 22nd, 2015 in connection with the March 31st quarterly financial results, which showed a net earning due to cash cost being reduced to $849 US per ounce:
— $4.4M in its bank account and 785 oz of gold stored at the Royal Canadian Mint;
— Accounts payable that are stable and up to date;
— A balance owing of $485,715 on the debt due to Investissement Quebec
(originally of $7M) which will be paid off by August 31st 2015; and
— The convertible debenture of $10M, initially due in August 2015, reduced to $9M and the maturity extended to August 2017.