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Sprott Resource Corp. Announces Confidential Submission of Draft Registration Statement for Initial Public Offering by Independence Contract Drilling, Inc.
TORONTO , May 13, 2014 /CNW/ - Sprott Resource Corp. ("SRC" or "the Company") (TSX: SCP)...
About this update from Winchester Equity Corporation
[{"type":"text","content":"\n\n\nTORONTO, May 13, 2014 /CNW/ - Sprott Resource Corp. (\"SRC\" or \"the\n Company\") (TSX: SCP) announced today that its investee company,\n Independence Contract Drilling, Inc. (\"ICD\"), has confidentially\n submitted a draft registration statement to the U.S. Securities and\n Exchange Commission for a possible initial public offering of shares of\n its common stock. The proposed offering is expected to commence subject\n to the review process of the U.S. Securities and Exchange Commission,\n and subject to market conditions and other conditions.\n\n\nThis announcement is being made in accordance with Rule 135 under the\n U.S. Securities Act of 1933. As required by Rule 135, this press\n release does not constitute an offer to sell or the solicitation of an\n offer to buy securities, and shall not constitute an offer,\n solicitation or sale in any jurisdiction in which such offer,\n solicitation or sale would be unlawful prior to registration or\n qualification under the securities laws of that jurisdiction.\n\n\nForward-Looking Information and Statements\n\n\nThis new release contains certain forward-looking information and\n statements (collectively referred to herein as \"Forward-Looking\n Statements\") within the meaning of applicable securities laws. The use\n of any of the words \"expect\", \"anticipate\", \"continue\", \"estimate\",\n \"may\", \"will\", \"project\", \"should\", \"believe\", \"plans\", \"intends\" and\n similar expressions are intended to identify Forward-Looking\n Statements. In particular, but without limiting the forgoing, this news\n release contains Forward-Looking Statements pertaining to the proposed\n initial public offering by Independence Contract Drilling, Inc.\n (\"ICD\").  Forward-Looking Statements are based on a number of\n expectations or assumptions which have been used to develop such\n information and statements but which may prove to be incorrect,\n including, but not limited to the assumption that the market and\n services rates for land-based contract drilling services will be\n consistent with the current environment.  Although Sprott Resource\n Corp. (\"SRC\") believes the expectations and assumptions reflected in\n such Forward-Looking Statements are reasonable, undue reliance should\n not be placed on Forward-Looking Statements because SRC can give no\n assurance t...