Sprott Resource Holdings Announces Pricing of Previously Announced Marketed Offering of up to $30 Million
Sprott Resource Holdings Announces Pricing of Previously
Announced Marketed Offering of up to $30 Million
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
TORONTO, April 03, 2017 (GLOBE NEWSWIRE) -- Sprott Resource Holdings Inc. ( “SRHI”) ( TSX:SRHI)
announced today that in connection with its previously announced “best efforts ” marketed offering (the
“Offering ”) of units (the “Offered Units ”), it has entered into an agency agreement with a syndicate of
agents led by Sprott Capital Partners, a division of Sprott Private Wealth LP, and including Haywood
Securities Inc., to sell up to 120,000,000 Offered Units at a price of $0.25 per Offered Unit for gross
proceeds of up to $30,000,000.
Each Offered Unit consists of one class “A” common share in the capital of SRHI (a “Common Share ”) and
one Common Share purchase warrant in the capital of SRHI (a “Warrant ”). Each Warrant will expire on
February 9, 2022 and has a strike price of $0.333 per Common Share.
SRHI intends to use the net proceeds of the Offering towards making investments in the natural resources
sector and for general working capital purposes.
Closing of the Offering will be subject to customary closing conditions including, without limitation, receipt of
all regulatory and stock exchange approvals. SRHI has applied to list the Common Shares, the Warrants
and the Common Shares issuable on the exercise of the Warrants on the Toronto Stock Exchange. Listing
will be subject to SRHI fulfilling all of the applicable listing requirements of the Toronto Stock Exchange.
A preliminary short form prospectus (the “Prospectus ”) containing important information relating to these
securities was previously filed in all of the provinces of Canada, excluding Québec. For more information,
potential investors should read the Prospectus which is available on SEDAR at www.sedar.com or may be
obtained from Sprott Private Wealth LP (Royal Bank Plaza, South Tower, 200 Bay Street, Suite 2600,
Toronto, Ontario, M5J 2J2, Canada) or Haywood Securities Inc. (700 – 200 Burrard Street, Vancouver,
British Columbia, V6C 3L6, Canada). There will not be any sale or any acceptance of an offer to buy the
Offered Units until a receipt for the final short form prospectus has been issued.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, nor
shall there be any sale of securities in any jurisdiction in which such offer or sale would be unlawful. The
Offered Units, Common Shares and Warrants, as well as the Common Shares issuable upon exercise of
the Warrants, have not been and will not be registered under the U.S. Securities Act, or any securities or
“blue sky” laws of any of the states of the United States. Accordingly, such securities may not be offered or
sold within the United States except in accordance with an exemption from the registration requirements of
the U.S. Securities Act and applicable state securities laws.
About Sprott Resource Holdings Inc.
SRHI is a publicly-listed corporation transitioning into a diversified holding company focused on holding
businesses in the natural resource industry. Based in Toronto, SRHI is part of the Sprott Group of
Companies and is managed by a team of leading resource investment professionals. SRHI ’s current
holdings are concentrated in the mining, energy and agriculture sectors. SRHI takes an active role in the
companies in which it invests and is committed to being a high -value partner to the management teams it
backs and the co -investors who invest alongside SRHI. For more information about SRHI, please visit
www.sprottresource.com.
Forward -Looking Information and Statements
Certain statements in this press release contain forward -looking information (collectively referred to herein
as the “Forward -Looking Statements ”) within the meaning of applicable securities laws including, but not
limited to, statements about: the completion of the proposed Offering, the expected use of proceeds from
the Offering, the receipt of regulatory and other required approvals for the Offering, expectations regarding
trading on the TSX, and similar statements concerning anticipated future events, results, circumstances,
performance or expectations, that reflect management ’s current expectations and are based on information
currently available to management of SRHI and its subsidiaries.
Forward-Looking Statements are based on a number of expectations or assumptions which have been
used to develop such statements and information but which may prove to be incorrect. Although
management believes the expectations and assumptions reflected in such Forward -Looking Statements are
reasonable, undue reliance should not be placed on Forward -Looking Statements because management
can give no assurance that such expectations and assumptions will prove to be correct. The Forward -
Looking Statements included in this news release are not guarantees of future performance and should not
be unduly relied upon. Such information and statements, including the assumptions made in respect
thereof, involve known and unknown risks, uncertainties and other factors, which may cause actual results
or events to differ materially from those anticipated in such Forward -Looking Statements, including, but not
limited to, a failure to obtain necessary regulatory and other third party approvals and SRHI ’s inability to
complete the Offering. The foregoing factors are not exhaustive. Additional information on other factors
that could affect the operations or financial results of SRHI are included in reports on file with applicable
securities regulatory authorities, including, but not limited to, those listed under the heading “Risks relating
to the Company generally ” in SRHI’s Management’s Discussion and Analysis for the Year Ended December
31, 2016. Should one or more of these risks or uncertainties materialize, or should assumptions underlying
the Forward -Looking Statements prove incorrect, actual results, performance or achievements could vary
materially from those expressed or implied by the Forward Looking Statements contained in this news
release.
The Forward -Looking Statements contained in this news release speak only as of the date of this news
release, and SRHI does not assume any obligation to publicly update or revise any of the included
Forward-Looking Statements, whether as a result of new information, future events or otherwise, except as
may be expressly required by applicable securities laws.
Contact:
Glen Williams
Director of Communications
Sprott Group of Companies
T: 416-943-4394
Source: Sprott Resource Holdings Inc.