TORONTO, April 29 /CNW/ - In connection with its previously announced
acquisition of all of the outstanding stock of Global Resource
Investments Ltd., Terra Resource Investment Management Inc. and
Resource Capital Investments Corp., Sprott Inc. (TSX: SII) ("Sprott")
acquired indirect direction or control over 4,000,000 common shares
("Shares") of Kirkcaldy Capital Corp. ("Kirkcaldy Capital")
representing 61.54% of the outstanding common shares of Kirkcaldy
Capital. Kirkcaldy Capital is a capital pool corporation (TSXV: KRKP).
Resource Capital Investments Corp. (RCIC) is the general partner for six
limited partnerships including Exploration Capital Partners 2006
Limited Partnership ("Exploration Capital"). On October 27, 2010,
Exploration Capital acquired the Shares. On January 25, 2011, Kirkcaldy
Capital became a reporting issuer in the Provinces of British Columbia,
Alberta and Ontario.
The Shares were acquired in October 2010 and are held by Exploration
Capital for investment purposes and it may increase or decrease its
investment in Kirkcaldy Capital depending on market conditions or any
other relevant factors.
2700 - 200 Bay St.
South Tower, Royal Bank Plaza
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SOURCE Sprott Inc.
For further information:
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Chief Financial Officer