Key Developments: Sprott Resource Corp (SCP.TO)

SCP.TO on Toronto Stock Exchange

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4 May 2015
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Latest Key Developments (Source: Significant Developments)

Sprott Resource Corp to commence normal course issuer bid
Friday, 5 Sep 2014 07:00am EDT 

Sprott Resource Corp:Intends to commence a normal course issuer bid to repurchase up to 8.5 million of its common shares, representing about 8.83 pct of the public float of SRC and about 8.66 pct of the total number of issued and outstanding shares.  Full Article

Sprott Resource Corp announces launch of Independence Contract Drilling, Inc.'s initial public offering
Monday, 28 Jul 2014 10:00am EDT 

Sprott Resource Corp:Says investee company, Independence Contract Drilling, Inc, launches initial public offering of 10,000,000 shares of common stock.Shares are expected to trade on New York Stock Exchange under ticker symbol ICD.Underwriters of offering will have 30-day option to purchase up to additional 1,500,000 shares from Independence Contract Drilling to cover over-allotments, if any.Morgan Stanley, RBC Capital Markets and Tudor, Pickering, Holt & Co. are acting as book-running managers for offering.Canaccord Genuity, Capital One Securities, Cowen and Company, FBR, IBERIA Capital Partners L.L.C. and Johnson Rice & Company L.L.C. are acting as co-managers.  Full Article

Sprott Resource Corp announces investment in Corsa Coal Corp
Tuesday, 15 Jul 2014 09:33am EDT 

Sprott Resource Corp:Enters into agreement to invest $33.4 mln for 19.9 pct of outstanding shares of Corsa Coal Corp. (Corsa).SRC has agreed to purchase 236,963,302 Corsa shares, at price of C$0.15 per share, upon completion of Corsa's $60 mln acquisition of metallurgical coal producer PBS Coals Ltd.  Full Article

Sprott Resource Corp announces filing of registration statement for initial public offering by independence contract drilling, inc
Thursday, 19 Jun 2014 06:11pm EDT 

Sprott Resource Corp:Says its investee company, Independence Contract Drilling, Inc. (ICD), has filed registration statement on Form S-1 with U.S. Securities and Exchange Commission for possible initial public offering of shares of common stock.Proposed offering is expected to commence subject to review process of Commission, and subject to market and other conditions.Morgan Stanley and Barclays will act as the joint book-running managers for the proposed offering.  Full Article

Sprott Resource Corp and Long Run Exploration Ltd. close $67.7 mln secondary offering of common shares
Wednesday, 21 May 2014 08:13am EDT 

Sprott Resource Corp:Announces completion of a secondary offering of 12,654,635 common shares of Long Run by SRC at a price of $5.35 per common share.Gross proceeds of $67,702,297 to SRC.Long Run will not receive any proceeds from the offering.Previously announced offering was completed on a bought deal basis by an underwriting syndicate co-led by National Bank Financial Inc. and Cormark Securities Inc., and including GMP Securities L.P., TD Securities Inc., Canaccord Genuity Corp., Clarus Securities Inc. and Scotia Capital Inc.  Full Article

Sprott Resource Corp names new chief financial officer
Thursday, 5 Dec 2013 07:00am EST 

Sprott Resource Corp:Says it has named Michael Staresinic as the company's new Chief Financial Officer, effective immediately.Staresinic will take over from Steve Yuzpe.  Full Article

Sprott Resource Corp Announces Senior Management Change
Tuesday, 22 Oct 2013 10:04am EDT 

Sprott Resource Corp. announced that, effective immediately, Steve Yuzpe has been named President and Chief Executive Officer (CEO) of Sprott Resource Corp. Kevin Bambrough has left the organization to pursue other opportunities. Terrence Lyons (currently Lead Director of Sprott Resource Corp.) will take over as Chairman of the Sprott Resource Corp.  Full Article

Sprott Resource Corp Announces Normal Course Issuer Bid
Friday, 6 Sep 2013 07:00am EDT 

Sprott Resource Corp announced that it intends to commence a normal course issuer bid (the Bid) to repurchase up to 8.5 million of its common shares (the Shares), representing approximately 9.54% of the public float of SRC and approximately 8.52% of the total number of issued and outstanding Shares. As at August 30, 2013, there were 99,719,097 Shares of SRC outstanding. Purchases will be made for cancellation through the facilities of the Toronto Stock Exchange (the TSX) or other Canadian market places at the prevailing market price of the Shares. SRC has received approval from the TSX to commence the Bid on September 10, 2013. The Bid will end on the earlier of (i) September 9, 2014, (ii) when the number of common shares sought under the Bid have been obtained, and (iii) when notice is given by SRC to the TSX terminating the Bid if SRC determines that it is appropriate to do so. Pursuant to TSX policies, daily purchases made by SRC may not exceed 40,166 Shares, being 25% of the six-month average daily trading volume of 160,664 Shares on the TSX, subject to certain prescribed TSX exceptions including the block purchase exemption.  Full Article

Sprott Resource Corp Declares July Dividend
Friday, 19 Jul 2013 04:33pm EDT 

Sprott Resource Corp. announced that its Board of Directors has declared a dividend in respect of the month of July 2013 in the amount of $0.035per common share. The July Dividend will be paid on August 15, 2013 to shareholders of record at the close of business on July 31, 2013. The full amount of the July Dividend is designated as an "eligible dividend" for purposes of the Income Tax Act (Canada).  Full Article

Sprott Resource Corp Declares June Dividend
Tuesday, 18 Jun 2013 05:01pm EDT 

Sprott Resource Corp announced that its Board of Directors has declared a dividend in respect of the month of June 2013 in the amount of $0.035per common share (the June Dividend). The June Dividend will be paid on July 15, 2013 to shareholders of record at the close of business on June 28, 2013.  Full Article

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