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Sprott backs Bonterra bid for Metanor

Investor Eric Sprott has thrown his support behind Bonterra Resources’ (TSXV: BTR) planned friendly acquisition of emerging gold producer Metanor Resources (TSXV: MTO) to create an Urban Barry-focused explorer and miner in Quebec.

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Acquisition to include Bachelor mine

Bonterra said had entered a binding letter of intent, to acquire all of Metanor's shares for C73c in equity consideration, which represented a 40% premium based on its 30-day volume weighted average