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Sprott Completes First Close of New Private Resource Lending LP

TORONTO, May 20, 2016 (GLOBE NEWSWIRE) -- Sprott Inc. (“Sprott” or the “Company”) (TSX:SII) today announced that its Sprott Resource Lending Corp. business unit has completed the first closing of its new Private Resource Lending LP, raising approximately $200 million.

Sprott has retained Moelis & Company and OCP Capital, LLC as placement agents with respect to the Private Resource Lending LP.

Source: Sprott, Inc.