Sprott Appoints New Director
TORONTO, June 17, 2015 (GLOBE NEWSWIRE) -- Sprott Inc. (TSX:SII) today announced the appointment of a new director, effective June 17, 2015. Alex Adamson has been appointed to the Sprott Board of Directors and will stand for re-election at the Company's next Annual General Meeting.
"We are very pleased to have Alex join the board. He brings with him a deep understanding of natural resource investments and years of global investing experience," said Eric Sprott, Chairman of the Sprott Inc. Board of Directors.
Mr. Adamson is Managing Director of Oberndorf Enterprises Limited ("OEL"), which is one of Sprott's largest shareholders. OEL, which was founded by value investor William E. Oberndorf, invests the assets of the Oberndorf Family and its partners through a portfolio of highly-concentrated, long-term, deep-value investments. At OEL, Mr. Adamson is responsible for the identification, evaluation and consummation of new investments in all security types. Prior to joining OEL, Mr. Adamson was a Managing Director at Maverick Capital where, among other industries, he focused on commodity-related investments. Previously, Mr. Adamson was an investment banking analyst with Morgan Stanley's Healthcare Industry Practice in New York.
Mr. Adamson received a B.A. in Economics from the University of Notre Dame with Summa Cum Laude distinction. He is based in San Francisco and currently serves on the Board of Directors of Mission Dolores Academy and Upnest (observer).
About Sprott Inc.
Sprott Inc. is a leading independent asset manager dedicated to achieving superior returns for its clients over the long term. The Company currently operates through six business units: Sprott Asset Management LP, Sprott Private Wealth LP, Sprott Consulting LP, Sprott Resource Lending Corp., Sprott Toscana and Sprott U.S. Holdings Inc. Sprott Asset Management is the investment manager of the Sprott family of mutual funds and hedge funds and discretionary managed accounts; Sprott Private Wealth provides wealth management services to high net worth individuals; and Sprott Consulting provides management, administrative and consulting services to other companies. Sprott Resource Lending provides lending services to mining and energy sectors. Sprott U.S. Holdings Inc. includes Sprott Global Resource Investments Ltd, Sprott Asset Management USA Inc., and Resource Capital Investments Corporation. Sprott Inc. is headquartered in Toronto, Canada, and is listed on the Toronto Stock Exchange under the symbol "SII". For more information on Sprott Inc., please visit www.sprottinc.com.
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