Sprott

Press Release

Sprott Power Consulting LP Announces Notice of Termination of Management Services Agreement with Sprott Power Corp.

TORONTO, Jan. 29, 2013 /CNW/ - As announced by Sprott Power Corp. ("SPC") yesterday, Sprott Power Consulting LP ("SPCLP"), a subsidiary of Sprott Inc. (TSX:SII), has received notice from SPC that effective July 31, 2013 the management services agreement between SPC and SPCLP (the "MSA") will be terminated.  In addition, effective yesterday, Jeff Jenner is no longer an employee of SPCLP.  Mr. Jenner was formerly the Chief Executive Officer of SPCLP.

As a result of Mr. Jenner no longer being employed by SPCLP, SPCLP has no nominees sitting on SPC's board of directors (the "SPC Board") and SPCLP is no longer involved in SPC's strategic decision making process.

Pursuant to the MSA, SPCLP has notified the SPC Board that SPC must remove the name "Sprott" from its name forthwith.

SOURCE: Sprott Inc.

Important Message

You are now leaving Sprott.com and entering a linked website. Sprott has partnered with ALPS in offering Sprott ETFs. For fact sheets, marketing materials, prospectuses, performance, expense information and other details about the ETFs, you will be directed to the ALPS/Sprott website at SprottETFs.com.

Continue to Sprott Exchange Traded Funds

Important Message

You are now leaving Sprott.com and entering a linked website. Sprott Asset Management is a sub-advisor for several mutual funds on behalf of Ninepoint Partners. For details on these funds, you will be directed to the Ninepoint Partners website at ninepoint.com.

Continue to Ninepoint Partners

Stay Informed

Keep up-to-date on the latest bullion news.