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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Sprott Inc | TSX:SII | Toronto | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.95 | 1.55% | 62.31 | 59.92 | 62.34 | 62.48 | 61.30 | 61.59 | 21,532 | 21:12:43 |
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.
Copyright 2013 Canada NewsWire
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