Sprott files IPO prospectus

Date: Thursday, April 10, 2008
Author: Advisor.ca

Fans of Sprott Asset Management have another way to invest with the company — ownership. A prospectus for Sprott Inc. was filed today with each of the provinces and territories in Canada for an initial public offering.

The IPO will be made through a syndicate of underwriters co-led by Cormark Securities and TD Securities. Other underwriters will include CIBC World Markets, RBC Dominion Securities, Scotia Capital Inc, BMO Nesbitt Burns, GMP Securities, Canaccord Capital Corporation, National Bank Financial, Jennings Capital, Paradigm Capital and Clarus Securities.

Immediately prior to the closing of the IPO, Sprott Inc. will acquire 100% of the outstanding shares of Sprott Asset Management. Currently Sprott Asset Management is a leading independent asset manager with approximately $6.9 billion in assets under management