Sprott Resource sells 16.7 pct stake in Stonegate Agricom

Canadian private equity firm Sprott Resource Corp has sold shares in Stonegate Agricom Ltd, a Toronto-based acquirer and developer of agricultural nutrient projects. The interest sold, said to represent about 16.7 percent of Stonegate's total issued and outstanding common shares, gave the investor gross proceeds of about $1.2 million. Another investor, Zaff 2 LP, announced it acquired a comparably-sized stake.

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