Business
SPROTT INC. ANNOUNCES EXECUTION OF DEFINITIVE AGREEMENT WITH GLOBAL RESOURCE INVESTMENTS LTD., TERRA RESOURCE INVESTMENT MANAGEMENT INC. AND RESOURCE CAPITAL INVESTMENTS CORP.
Jan. 24, 2011 (Canada NewsWire Group) -- Rick Rule to Join Sprott Investment Team and be Nom...
About this update from Sprott Inc.
[{"type":"text","content":"\n\n\n\n Jan. 24, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nRick Rule to Join Sprott Investment Team and be Nominated to Board of\n Directors\n\n\nTORONTO, Jan. 24 /CNW/ - Sprott Inc. (TSX:SII) ("Sprott") today announced the signing of a definitive share exchange agreement\n (the "Agreement") with Arthur Richards Rule IV and the Rule Family Trust U/A/D 12/17/98\n (the "Seller") for the acquisition (the "Transaction") of all of the outstanding stock of Rule Investments, Inc. (the owner\n of Global Resource Investments, Ltd.), Terra Resource Investment\n Management, Inc. and Resource Capital Investment Corporation\n (collectively, the "Global Companies"), as first announced by the Company on September 22, 2010. Closing is\n expected to occur in early February 2011, subject to the timing of\n necessary regulatory approvals. \n\n\n"We are pleased to have the well respected team of investment\n professionals Rick has built join our organization, and look forward to\n working with them to continue to deliver superior investment\n performance to our clients and shareholders," commented Eric Sprott,\n Chairman of Sprott.\n\n\n"With our due diligence activities complete, and integration planning\n underway, our combined team will be moving quickly to offer compelling\n new investment opportunities to Canadian investors, while continuing to\n grow our client base both in the United States and globally," said...