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Asset Management M&A image Asset Management M&A » By The Online Investor Staff, updated Wed., Sep. 23, 10:52 PM Recent mergers and acquisitions in the Asset Management M&A category.

Slide #27. Sprott Inc. Sprott Resource Lending Corp.

Acquirer: Sprott Inc. (SII.CA)
Acquiree: Sprott Resource Lending Corp. (SILU)
Details: Sprott Inc. ("Sprott" or "the Company") (TSX: SII) and Sprott Resource Lending Corp. ("SIL" or "Sprott Resource Lending") (NYSE MKT: SILU, TSX: SIL) are pleased to announce that on July 18, 2013, shareholders of Sprott Resource Lending approved the previously announced plan of arrangement involving Sprott Resource Lending and Sprott under the Canada Business Corporations Act pursuant to which Sprott will acquire all of the outstanding common shares in the capital of SIL (the "Arrangement"). Over 98.8% of SIL common shares voted at SIL's annual and special meeting of shareholders held on July 18, 2013, including 98.4% of SIL common shares held by minority shareholders, voted in favour of the special resolution approving the Arrangement. On July 19, 2013, a final order approving the Arrangement was granted by the Ontario Superior Court of Justice. The Arrangement is currently scheduled to close on Wednesday, July 24, 2013.

Sprott, through its partnerships, is a global asset manager providing investors with access to precious metals and real assets investment strategies. Co.'s nvestment products include physical bullion trusts, mining ETFs, and private equity and debt strategies. Co. also partners with natural resource companies to help meet their capital needs through Co.'s merchant banking and resource lending activities. Co. is organized into business units based on its products, services and geographical location and has seven reportable segments: Exchange Listed Products; Alternative Asset Management; Global Lending; Consulting; Merchant Banking and Advisory Services and Corporate.

Open the SII.CA Page at The Online Investor »

Sprott, through its partnerships, is a global asset manager providing investors with access to precious metals and real assets investment strategies. Co.'s nvestment products include physical bullion trusts, mining ETFs, and private equity and debt strategies. Co. also partners with natural resource companies to help meet their capital needs through Co.'s merchant banking and resource lending activities. Co. is organized into business units based on its products, services and geographical location and has seven reportable segments: Exchange Listed Products; Alternative Asset Management; Global Lending; Consulting; Merchant Banking and Advisory Services and Corporate.

Open the SILU Page at The Online Investor »

Company Name: 
Sprott Inc
Website: 
www.sprott.com
Sector: 
Asset Management
Number of ETFs Holding SII.CA: 
1
Total Market Value Held by ETFs: 
$549067
Total Market Capitalization: 
$615.00M
% of Market Cap. Held by ETFs: 
0.09%
Company Name: 
Sprott Resource Lending Corp.
Website: 
www.sprottlending.com
Sector: 
Credit Services & Lending
 

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