Eric Sprott, a notable Canadian resource sector investor, took part in the last company's offering. Now he holds 81.3 million shares of Metanor and 51.3 million warrants (each warrant entitles to acquire one Metanor share for a price of $0.09 until March 2019).
If all warrants were exercised, Mr. Sprott would control 19.5% of the company. Eric Sprott started investing in Metanor last year. The current acquisition means that he has increased its stake in the company.
Interestingly, Mr. Market seems not to spot this event. Metanor shares are trading at C$0.06, which is the price at which the last offering was conducted.
I discussed Metanor two times at this blog: here and here.