Business
SPROTT RESOURCE CORP. RAISES $67.1 MILLION THROUGH EXERCISE OF WARRANTS
Jan. 5, 2011 (Canada NewsWire Group) -- TORONTO, Jan. 5 /CNW/ - (TSX: SCP) - Sprott Resourc...
About this update from Winchester Equity Corporation
[{"type":"text","content":"\n\n\n\n Jan. 5, 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\nTORONTO, Jan. 5 /CNW/ - (TSX: SCP) - Sprott Resource Corp. ("SRC") announced today that it raised a total\n of $67.1 million from the exercise of common share purchase warrants\n that expired on December 31, 2010 at 4:30 p.m. (Toronto time).  A total\n of 15.8 million warrants were exercised (out of 16.6 million originally\n issued).\n\n\n"We would like to thank everyone who exercised warrants," said Kevin\n Bambrough, President and CEO of SRC.  "The proceeds leave SRC very well\n capitalized and able to support its existing subsidiaries and pursue\n new, accretive business opportunities."\n\n\nSRC has 113,341,333 common shares issued and outstanding and no warrants\n outstanding.\n\n\nAbout Sprott Resource Corp.\n\n\nSRC is a Canadian based company, the primary purpose of which is to\n invest and operate in natural resources. Through acquisitions, joint\n ventures and other investments, SRC seeks to provide its shareholders\n with exposure to the natural resource sector for the purposes of\n capital appreciation and real wealth preservation. SRC is well\n positioned to draw upon the considerable experience and expertise of\n both its Board of Directors and Sprott Consulting Limited Partnership\n (SCLP), of which Sprott Inc. is the sole limited partner. Pursuant to a\n management services agreement between SCLP and SRC, SCLP provides\n day-to-day business management for SRC ...