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Last Trade - 15/01/18

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BRIEF-Sprott enters agreement to acquire management of Central Fund of Canada

Mon 2nd October, 2017 12:00pm
Oct 2 (Reuters) - Sprott Inc  SII.TO :  
    * Sprott enters agreement to acquire management of Central 
Fund of Canada 
    * Sprott Inc - deal for c$120 million in cash and stock 
    * Sprott Inc - sprott's cash on hand will be used to 
finance cash portion of purchase price and approval of sprott 
shareholders is not required 
    * Sprott Inc - holders of about 85% of cfcl's common shares 
entered agreements with co agreeing to vote all common shares in 
favour of transaction 
    * Sprott - co will acquire common shares of cfcl and right 
to administer, manage CFCL's assets for c$105 million in cash 
and c$15 million of Sprott common shares 
 
Source text for Eikon:  ID:nMKWT8HV5a  
Further company coverage:  SII.TO  
 
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