10:00 AM EST - Sprott Inc. : Has successfully completed its previously announced acquisition by Sprott Asset Management LP of Tocqueville Asset Management LP (gold strategies for total consideration of up to $50 million U.S., comprised of a payment at closing of $12.5 million U.S. in cash and $2.5 million U.S. in Sprott common shares based on a five-day volume weighted adjusted price. Tocqueville is also eligible to receive contingent consideration valued at up to an additional $30 million U.S. in cash and Sprott common shares valued at $5 million U.S., subject to the achievement of certain financial performance conditions over the two years following closing. This transaction adds approximately C$2.3 billion ($1.8 billion U.S.) to Sprott’s total Assets Under Management. Sprott Inc.
shares T.SII are trading down $0.035 at $3.12.
