Sprott Resource Lending's Investors OK Acquisition by Sprott
Shareholders of Sprott Resource Lending Corp. (SRL) have approved the previously-announced takeover of the company by Toronto-based alternative assets manager Sprott Inc. SRL provides debt financing to mining and oil and gas companies. Sprott estimates the deal will generate $350 million in cash and investment capital, which will allow it to sponsor new fund initiatives and continue the business of resource lending.
23 July 2013•4 mins read
