MTO_09

Eric Sprott has added an additional 2.7 million shares of Metanor Resources (MTO.V) in the past weeks, bringing his total to 32.7 million shares or approximately 7.75% of all of Metanor’s outstanding shares. On top of that, Sprott also owns 20 million warrants resulting in a fully diluted position of almost 10% (and 12% on a partially diluted  basis).

Metanor Resources MTO Eric Sprott
Source: Canadianinsider.com

That’s a great vote of confidence, and it will be interesting to see if Sprott will buy more stock on the open market.

Go to Metanor’s website
The author holds a long position in Metanor Resources. Metanor is a sponsor of the website. Please read the disclaimer

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