TORONTO, Aug. 22, 2014 /CNW/ - Sprott Asset Management LP ("Sprott") is
pleased to announce that the Sprott 2014-II Flow-Through Limited
Partnership (the "Partnership") has filed a preliminary prospectus in
connection with its offering of limited partnership units. A receipt
for the preliminary prospectus has been issued by the securities
regulatory authorities in each of the provinces and territories of
Canada. Units of the Partnership ("Units") are being offered at a price
per Unit of $25.00 with a minimum subscription of 200 Units ($5,000).
Investment Objective of the Partnership
The Partnership's investment objective is to achieve capital
appreciation and significant tax benefits for Limited Partners by
investing in a diversified portfolio of flow-through shares and other
securities, if any, of resource issuers.
Attractive Tax-Reduction Benefits
Flow-through partnerships are one of the most effective tax reduction
strategies available to Canadians. Sprott anticipates that investors
participating in the Partnership will be eligible to receive a tax
deduction in 2014 that is approximately 100% of the amount invested in
the Partnership, based on certain assumptions as set forth in the
The Partnership will be managed by Sprott, one of Canada's leading
investors in small and mid- cap resource companies, with approximately
$6.4 billion (as at June 30, 2014) dedicated to the sector. Over its
long history of investing in the resource sector, Sprott has developed
relationships with hundreds of companies. Its experienced team of
portfolio managers is supported by a team of technical experts with
extensive backgrounds in mining and geology.
Portfolio managers Jason Mayer and Eric Nuttall will co-manage the
Partnership and will be supported by Sprott's broader team of
experienced resource investment professionals.
The offering is being made through a syndicate of agents co-led by RBC
Capital Markets, CIBC World Markets Inc., Scotia Capital Inc. and TD
Securities Inc. and includes BMO Nesbitt Burns Inc., National Bank
Financial Inc., Canaccord Genuity Corp., GMP Securities L.P.,
Desjardins Securities Inc., Manulife Securities Incorporated, Raymond
James Ltd. and Sprott Private Wealth LP.
About Sprott Asset Management LP
Sprott Asset Management LP is a leading independent asset management
company headquartered in Toronto, Canada. The company manages the
Sprott family of mutual funds, hedge funds, physical bullion funds and
specialty products and is dedicated to achieving superior returns for
its investors over the long term. The company also manages
discretionary managed accounts. Please visit us at www.sprott.com to learn more about our investment professionals and their market
Certain statements included in this news release constitute
forward-looking statements, including, but not limited to, those
identified by the expressions "expects", "intends", "anticipates",
"will" and similar expressions to the extent that they relate to the
Partnership. The forward-looking statements are not historical facts
but reflect the General Partner's and Sprott's current expectations
regarding future results or events. These forward-looking statements
are subject to a number of risks and uncertainties that could cause
actual results or events to differ materially from current
expectations. Although the General Partner and Sprott believe the
assumptions inherent in the forward-looking statements are reasonable,
forward-looking statements are not guarantees of future performance
and, accordingly, readers are cautioned not to place undue reliance on
such statements due to the inherent uncertainty therein. Neither the
General Partner nor Sprott undertake any obligation to update publicly
or otherwise revise any forward-looking statement or information
whether as a result of new information, future events or other such
factors which affect this information, except as required by law.
A preliminary prospectus containing important information relating to
these securities has been filed with securities commissions or similar
authorities in all the provinces and territories of Canada. The
preliminary prospectus is still subject to completion or amendment.
Copies of the preliminary prospectus may be obtained from one of the
dealers noted above. There will not be any sale or any acceptance of an
offer to buy the securities until a receipt for the final prospectus
has been issued.
SOURCE: Sprott Asset Management LP
For further information:
For more information on Sprott, please visit www.sprott.com or inquiries regarding the offering, please contact us at (416) 943-6707 or (866) 299-9906 or email@example.com.