SPROTT INC. ANNOUNCES INDIRECT ACQUISITION OF CONTROL OF COMMON SHARES OF KIRKCALDY CAPITAL CORP. THROUGH RESOURCE CAPITAL INVES
29 Aprile 2011 - 11:49PM
PR Newswire (Canada)
TORONTO, April 29 /CNW/ -- TORONTO, April 29 /CNW/ - In connection
with its previously announced acquisition of all of the outstanding
stock of Global Resource Investments Ltd., Terra Resource
Investment Management Inc. and Resource Capital Investments Corp.,
Sprott Inc. (TSX: SII) ("Sprott") acquired indirect direction or
control over 4,000,000 common shares ("Shares") of Kirkcaldy
Capital Corp. ("Kirkcaldy Capital") representing 61.54% of the
outstanding common shares of Kirkcaldy Capital. Kirkcaldy
Capital is a capital pool corporation (TSXV: KRKP). Resource
Capital Investments Corp. (RCIC) is the general partner for six
limited partnerships including Exploration Capital Partners 2006
Limited Partnership ("Exploration Capital"). On October 27, 2010,
Exploration Capital acquired the Shares. On January 25, 2011,
Kirkcaldy Capital became a reporting issuer in the Provinces of
British Columbia, Alberta and Ontario. The Shares were acquired in
October 2010 and are held by Exploration Capital for investment
purposes and it may increase or decrease its investment in
Kirkcaldy Capital depending on market conditions or any other
relevant factors. Sprott Inc. 2700 - 200 Bay St. South Tower, Royal
Bank Plaza Toronto, Ontario M4J 2J1 To view this news release in
HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/April2011/29/c8228.html
p To obtain a copy of the report required pursuant to early warning
requirements, please contact: /p p align="justify" Steven
Rostowskybr/ Chief Financial Officerbr/ Sprott Inc.br/ (416)
362-7172 /p
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