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Sprott Resource Corp (SCP.TO)

SCP.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Sprott Resource and Adriana Resources announce proposed business combination and concurrent $15 million private placement
Tuesday, 29 Nov 2016 07:45am EST 

Sprott Resource Corp : Sprott Resource and Adriana Resources announce proposed business combination and concurrent $15 million private placement . Holders of common shares of SRC would receive 3.0 ADI common shares per common share of SRC . Under arrangement, SRC would become a wholly-owned subsidiary of ADI . Board of Directors of SRH will include current members of Board of Directors of SRC . Subsequent to completion of arrangement, SRH intends to transition from a private equity firm to a diversified holding company . Transaction is immediately accretive to NAV per ADI common share . ADI will retain ownership of existing interest in Lac Otelnuk Project .SRC, ADI expect private placements will be priced at a premium of about 50% to November 28, 2016 closing price of SRC common shares.  Full Article

Sprott Resource Corp announces purchase of shares of Corsa Coal Corp
Wednesday, 26 Oct 2016 04:59pm EDT 

Sprott Resource Corp : Sprott Resource Corp. Announces purchase of shares of Corsa Coal Corp. . Sprott Resource- purchased 10 million common shares of Corsa Coal Corp at a price of $0.10 per share .Sprott Resource Corp - SRC beneficially owns, through SRP, approximately 17.2% of total issued and outstanding common shares of Corsa,.  Full Article

Sprott Resource to sell shares of Stonegate Agricom
Thursday, 4 Aug 2016 08:57am EDT 

Sprott Resource Corp : Announces sale of shares of Stonegate Agricom Ltd .Sold 70,950,462 common shares of Stonegate Agricom Ltd at a price of $0.0175 per common share.  Full Article

Sprott Resource announces $200 mln private placement by Long Run Exploration
Tuesday, 4 Aug 2015 08:00am EDT 

Sprott Resource Corp:Announces agreement for $200 million private placement by Long Run Exploration Ltd.Agreement for a private placement of Long Run common shares to Maple Marathon investments limited.Says proceeds from the private placement will be used for debt reduction to improve Long run's capital structure.Says Long Run will issue to Maple Marathon 155 million units at an issue price of $1.30 per unit.  Full Article

BRIEF-Sprott Resource and Adriana Resources announce proposed business combination and concurrent $15 million private placement

* Sprott Resource and Adriana Resources announce proposed business combination and concurrent $15 million private placement