* Agreement signed with Rick Rule, Rule Family Trust
* Deal expected to close in Feb
Jan 24 Canadian fund manager Sprott Inc's
(SII.TO) said it signed an agreement with Rick Rule and the
Rule Family Trust to buy three U.S.-based resource investment
companies as part of its expansion plans.
The company, which had announced its plans to buy Global
Resource Investments, Terra Resource Investment Management and
Resource Capital Investments on Sept. 22 last year, said it
expects the deal to close in February. [ID:nSGE68L0I5]
Sprott's targets are led by Rick Rule, a U.S.-based
investor specializing in mining and energy.
Shares of the Toronto-based company closed at C$8.50 on the
Toronto Stock Exchange.
(Reporting by Amruta Sabnis in Bangalore)