TORONTO, Jan. 19 /CNW/ - Sprott Inc. (TSX: SII) (the "Corporation") is pleased to announce that the Board of Directors has appointed Marc Faber as a director and member of the Audit Committee.
Dr. Faber is the Managing Director of Marc Faber Ltd., an investment advisory and fund management firm. He also acts as a director of Ivanhoe Mines Ltd. (TSX, NYSE, NASDAQ: IVN), an international mining company with operations focused on the Asia Pacific region, and as a director and advisor to a number of private investment funds. Dr. Faber publishes a widely read monthly investment newsletter entitled "The Gloom, Boom & Doom Report" and is the author of several books including "Tomorrow's Gold - Asia's Age of Discovery". He is a regular contributor to several leading financial publications around the world, including Barron's. Dr. Faber has over 35 years experience in the finance industry, including acting as manager of an investment bank in the U.S. where he routinely performed financial analysis on a range of companies. Dr. Faber received his PhD in Economics magna cum laude from the University of Zurich.
"We are honoured and delighted to have someone with Marc's credentials join our Board. Marc is an internationally renowned expert and commentator on financial markets and we look forward to his contribution as a director of Sprott Inc.," said Eric Sprott, CEO of the Corporation.
The Corporation also announces that Ian Telfer has tendered his resignation due to time commitments and his recent appointment as the new Chairman of the World Gold Council. The Board of Directors congratulates Mr. Telfer on his new role and sincerely thanks him for his dedicated service as a director of the Corporation.
About Sprott Inc.
Sprott Inc. is a leading independent asset manager dedicated to achieving superior returns for its clients over the long term. The company currently operates through three distinct business units: Sprott Asset Management LP, Sprott Private Wealth LP, and Sprott Consulting LP.
Sprott Asset Management is the investment manager of the Sprott family of mutual funds and hedge funds and discretionary managed accounts; Sprott Private Wealth provides wealth management services to high net worth individuals; and Sprott Consulting provides management, administrative and consulting services to other companies, including Sprott Resource Corp. (TSX: SCP).
Sprott Inc. is headquartered in Toronto, Canada, and is listed on the Toronto Stock Exchange under the symbol "SII".
SOURCE Sprott Inc.
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