Business
Sprott Inc. announces 2010 second quarter results
Sprott Inc. announces 2010 second quarter results
About this update from Sprott Inc.
[{"type":"text","content":"\n\n\n\n Aug. 12, 2010 (Canada NewsWire Group) -- \n\n \n \n \nTR.cnwUnderlinedCell TD {\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell {\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell {\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell {\n BORDER-BOTTOM: #000000 3px solid\n}\n\nTORONTO, Aug. 12 /CNW/ - Sprott Inc. (TSX: SII) ("Sprott" or the "Company") today announced its financial results for the three and six-month periods ended June 30, 2010.\n\nQ2 2010 Highlights\n\n >\n\n\nSubsequent to the end of Q2 2010\n\n >\n\n\n"We enjoyed strong investment performance during the quarter, with most of our funds posting gains. Our best performers were funds with significant gold exposure, such as the Sprott Physical Gold Trust, the Sprott Gold Bullion Fund, and the Sprott Gold and Precious Minerals Fund," said Eric Sprott, CEO of Sprott Inc. "In May, we completed a follow-on offering of units of the Sprott Physical Gold Trust and introduced the Sprott Private Credit Fund. We have also continued our efforts to broaden our product lineup with the launch of a new suite of fixed-income funds. These funds will be managed by award-winning fixed-income managers Scott Colbourne and Michael Craig, and will provide our clients with a more diverse range of options to help meet their investment needs. So far this year we have introduced six new funds and filed a preliminary prospectus for the Sprott Physical Silver Trust."\n"Sprott Consulting LP ("SCLP") continues to expand its roster of managed companies, and recently signed a letter of intent with Quest Capital Corp. to re-brand the company Sprott Resource Lending Corp. The transaction is subject to shareholder approval, however, the intent of the new entity will be to focus on providing mezzanine and bridge financing to companies in the oil and gas and mining sectors, areas where our team can provide tremendous expertise," added Mr. Sprott. "SCLP has also developed a presence in the renewable energy space through the formation of Sprott Power Corp. The new company will be run by Jeff Jenner, an accomplished energy professional, and will be commit...