Sprott raises initial $200 mln for private resource lending fund
Sprott Resource Lending Corp has raised $200 million in the initial close of its new Private Resource Lending LP. Sprott Resource, a subsidiary of Canadian asset manager Sprott Inc (TSX: SII), provides financing to mining and oil and gas companies. The firm's recent deals include last year's US$120 million secured loan facility for TMAC Resources Inc, a Toronto-based mineral exploration and development company. TMAC, which was private equity-backed, went public in August 2015.
20 May 2016•1 min read
