Business
SPROTT RESOURCE CORP. TO INVEST ADDITIONAL $30 MILLION IN ONE EARTH FARMS - CANADA'S LARGEST FARM IN 2011
SPROTT RESOURCE CORP. TO INVEST ADDITIONAL $30 MILLION IN ONE EARTH FARMS - CANADA'S LARGEST FARM...
About this update from Winchester Equity Corporation
[{"type":"text","content":"\n\n\n\n Dec. 16, 2010 (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, Dec. 16 /CNW/ - Sprott Resource Corp. ("SRC") is pleased to\n announce that it will be investing an additional $30 million in its\n subsidiary One Earth Farms Corp. ("One Earth Farms").  The funding from\n SRC will allow One Earth Farms to grow to become Canada's largest\n operating crop and cattle farm in 2011.\n\n\n"One Earth Farms has quickly become an exceptionally unique, scalable\n agribusiness that will command a high valuation as concern for food\n quality and security continues to increase," stated Kevin Bambrough,\n President and CEO of SRC.  "In less than two years, One Earth Farms has\n secured strategic relationships with key input suppliers and is in the\n process of developing equally strong relationships with food retailers,\n working towards the development of branded products, particularly in\n natural beef."\n\n\n"Our goal is to generate industry leading profit margins through\n unprecedented scale, operating efficiencies and by breaking away from\n the industry norm of buying retail and selling wholesale," stated Larry\n Ruud, President and CEO of One Earth Farms. \n\n\nTo fund One Earth Farms' 2011 operating plan (the "2011 Plan"), SRC\n intends to exercise 30 million One Earth Farms warrants (the\n "Warrants"), which are exercisable for $1 per common share.  Upon the\n exercise of the Warrants,...