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Sprott Inc. files early warning report in respect of Sprott Resource Holdings Inc.
Sprott Inc. files early warning report in respect of Sprott Resource Holdings Inc. ...
About this update from Sprott Inc.
[{"type":"text","content":"\n\n\n\nSprott Inc. files early warning report in respect of Sprott Resource Holdings Inc.\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, April 1, 2019\n\n\n\nTORONTO, April 1, 2019 /CNW/ - Sprott Inc. (\"Sprott\") (TSX:SII)  announces that it has filed an updated early warning report under applicable Canadian securities laws in respect of Sprott Resource Holdings Inc. (\"SRHI\"). On November 7, 2018, 198,693 common shares of SRHI (\"Shares\") held in a discretionary account managed by Sprott Global Resource Investments Ltd. (\"SGRIL\") were removed from such discretionary account (the \"Share Removal\"). On November 27, 2018 in connection with the wind-down of Exploration Capital Partners 2008 Limited Partnership (\"Exploration Capital LP\"), an investment fund managed by Resource Capital Investment Corp. (\"RCIC\"), an investment manager owned by Sprott, Exploration Capital LP distributed an aggregate of 14,813,152 common share purchase warrants (\"Warrants\") (exercisable for Shares on a 20-for-1 basis) (the \"Warrant Distribution\") held by it to its limited partners either by way of a distribution in kind or a reallocation to applicable non-discretionary accounts.\nPursuant to the Share Removal, SGRIL disposed of, or ceased to have control over, 198,693 Shares, representing approximately 0.5% of the issued and outstanding Shares on a non-diluted basis. Pursuant to the Warrant Distribution, Exploration Capital LP disposed of, or ceased to have control over, 14,813,152 Warrants (exercisable for Shares on a 20-for-1 basis), representing approximately 2.13% of the issued and outstanding Shares on a partially-diluted basis assuming the exercise of such Warrants.\nImmediately prior to the Share Removal, Sprott, Term Oil Inc. (\"Term Oil\"), a corporation controlled by Arthur Richards (Rick) Rule IV, Chairman of Sprott US Holdings Inc., and SGRIL, RCIC and Sprott Asset Management USA Inc., each an investment manager owned by Sprott (collectively, the \"Sprott Managers\"), collectively, beneficially owned or exercise direction and control o...