has been good for investors since Chairman Sprott taken his
interest -
ex.
Eric Sprott new acquisition -
Eric Sprott Announces Acquisition of Securities of Metanor Resources Inc.
TORONTO, ONTARIO--(Marketwired - March 29, 2016) -
Eric Sprott ("Sprott") announces
that between March 17 and March 23, 2016, he acquired (the
"Acquisition") ownership and control over 8,698,000 common shares (the
"Acquired Shares") of Metanor Resources Inc. (the "Corporation"),
representing approximately 2.1% of the currently issued and outstanding
common shares of the Corporation (the "Shares") on a non-diluted basis.
The Acquired Shares were purchased at prices ranging from Cdn. $0.0788
to Cdn. $0.095 per Acquired Share.
As of the date hereof, after giving effect to the Acquisition,
Sprott beneficially owns, or exercises control or direction over:
(i) 38,698,000 Shares; and
(ii) 20,000,000 common share purchase warrants of the Corporation.
Based on the foregoing, Sprott beneficially owns, or exercises control
or direction over approximately 9.2% of the currently issued and
outstanding Shares on a non-diluted basis, and
approximately 13.3% of the currently issued and outstanding Shares
on a partially-diluted basis.
The Acquired Shares were purchased through the facilities of
the TSX Venture Exchange.
The Acquired Shares were acquired for investment purposes.
Sprott has a long-term view of the investment and
Sprott and any joint actors do not intend at this time to acquire
additional Shares, but may acquire additional Shares either on
the open market or through private acquisitions or sell the Shares
either on the open market or through private dispositions in the future
depending on market conditions, reformulation of plans and/or other
relevant factors.
http://www.marketwired.com/press-release/eric-sprott-announces-acquisition-of-securities-of-metanor-resources-inc-2109927.htm
- God Bless -
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