Sprott Acquires Sprott Resource Lending

Toronto-based alternative assets manager Sprott Inc. will buy all of the shares of managed company Sprott Resource Lending Corp. (SRL). Investors in SRL, which finances mining and oil and gas companies, will receive 0.5 of a Sprott common share and $0.15 in cash for each SRL share held. Sprott estimates the deal will generate more than $220 million in capital for new initiatives, and allow it to focus on a new lending partnership.

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