Business
Sprott Resource Corp. Announces Completion of $31 Million Financing by its Subsidiary One Earth Farms Corp.
Mar. 17, 2011 (Canada NewsWire Group) -- / NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR...
About this update from Winchester Equity Corporation
[{"type":"text","content":"\n\n\n Mar. 17, 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\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE\n UNITED STATES/\n\n\nTORONTO, March 17 /CNW/ - (TSX: SCP) - Sprott Resource Corp. ("SRC")\n announced that its subsidiary One Earth Farms Corp. ("One Earth Farms")\n completed the first tranche of a $35 million private placement today. \n The first tranche of the private placement consisted of the issue and\n sale of 22,193,921 common shares at $1.40 per share for aggregate gross\n proceeds of approximately $31,071,489.40.   In addition, One Earth\n Farms expects to close the second tranche for an additional 2,806,079\n common shares by April 30, 2011, resulting in gross proceeds for the\n private placement of $35 million. Pursuant to the terms of the agency\n agreement dated March 17, 2011 (the "Agency Agreement") entered into\n between One Earth Farms and Cormark Securities Inc. ("Cormark"), One\n Earth Farms has agreed to issue and sell up to 3,571,500 additional\n common shares at a price of $1.40 per share upon the exercise of\n Cormark's option. \n\n\n"This financing, in combination with the $30 million that SRC\n contributed in the last few months, fully funds One Earth Farms for\n 2011. One Earth Farms has already become the largest farming operation\n in Canada and is on track to become one of the largest farms in the\n world. This scale has enabled One Earth Farms to c...