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Sprott Inc And Sprott Resource Lending Corp. Announce Closing Of Plan Of Arrangement


Wednesday, 24 Jul 2013 10:37am EDT 

Sprott Inc and Sprott Resource Lending Corp announced that Sprott has completed its previously announced acquisition of all of the outstanding common shares of SRLC pursuant to the terms of a plan of arrangement (the Arrangement). As a result, SRLC has become a wholly-owned subsidiary of Sprott. It is anticipated that the common shares of SRLC will be suspended from trading before the market opens on July 25, 2013 on the NYSE MKT LLC and no longer be listed for trading on the NYSE MKT LLC on or about August 5, 2013 or on the Toronto Stock Exchange on or about July 29, 2013. Sprott will also cause SRLC to submit an application to cease to be a reporting issuer in each reporting jurisdiction in Canada. Under the terms of the Arrangement, each former shareholder of SRLC will be entitled to receive one-half of one Sprott common share and $0.15 in cash for each SRLC common share held. 

Company Quote

2.46
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27 Nov 2014