TORONTO, Jan. 29, 2018 (GLOBE NEWSWIRE) -- Sprott Inc. (“Sprott” or the “Company”) (TSX:SII) announced today that it has successfully closed the previously announced sale of certain accounts managed by Sprott Private Wealth LP (“SPW”).
“This transaction completes the final phase of the sale of our Canadian diversified assets, which was announced last year,” said Peter Grosskopf, CEO of Sprott. “SPW will continue to provide advice and service to private clients interested in resource-focused investment opportunities. SPW will also house our merchant banking business, Sprott Capital Partners, which delivered a successful first year in operation, steadily gaining recognition as a trusted capital raising and advisory partner for resource issuers.”
Sprott is an alternative asset manager and a global leader in precious metal and real asset investments. Through its subsidiaries in Canada, the US and Asia, the Corporation is dedicated to providing investors with best-in-class investment strategies that include Exchange Listed Products, Alternative Asset Management and Private Resource Investments. The Corporation also operates Merchant Banking and Brokerage businesses in both Canada and the US. Sprott is based in Toronto with offices in New York, Carlsbad and Vancouver and its common shares are listed on the Toronto Stock Exchange under the symbol (TSX:SII). For more information, please visit www.sprott.com.
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