Business
Sprott Resource Corp. Announces Completion of the $3.9 Million Second Tranche Financing by its Subsidiary One Earth Farms Corp. and Exercise of a $4.5 Million Over-Allotment Option by Cormark Securities Inc.
May 2, 2011 (Canada NewsWire Group) -- /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR D...
About this update from Winchester Equity Corporation
[{"type":"text","content":"\n\n\n May 2, 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, May 2 /CNW/ - (TSX: SCP) - Sprott Resource Corp. ("SRC") announced that its subsidiary One\n Earth Farms Corp. ("One Earth Farms") completed the second tranche of\n the previously announced private placement today.  The second tranche\n of the private placement consisted of the issuance and sale of\n 2,806,079 common shares, resulting in gross proceeds for the private\n placement of approximately $3.9 million. In addition, the agent of the\n private placement, Cormark Securities Inc., exercised its\n over-allotment option, resulting in the sale by One Earth Farms of a\n further 3,186,778 common shares at a price of $1.40 per share for\n additional aggregate gross proceeds to One Earth Farms of approximately\n $4.5 million.  As previously announced, this financing, in combination\n with the $30 million that SRC has contributed in the last few months,\n fully funds One Earth Farms for 2011.\n\n\n"The completion of the second tranche and the exercise of the\n over-allotment option further solidifies our balance sheet as we look\n to the 2011 farming season" said Larry Ruud, President and CEO of One\n Earth Farms.  "This continues to support the belief in our unique\n business model and excitement about the continued growth and success of\n One Earth Farms."\n\n\nA...