TORONTO, Dec. 5, 2013 /CNW/ - Sprott Resource Corp. (TSX: SCP) ("SRC" or
the "Company") today announced that it has named Michael Staresinic as
the Company's new Chief Financial Officer, effective immediately. Mr.
Staresinic will take over from Steve Yuzpe, who was named President and
Chief Executive Officer of Sprott Resource Corp. in October 2013.
"Michael is an experienced financial professional with a broad base of
experience in senior financial roles with publicly-listed companies. We
are pleased to welcome him to our senior leadership team," said Steve
Yuzpe, President and Chief Executive Officer of Sprott Resource Corp.
"The current resource markets offer compelling opportunities to deploy
capital at attractive valuations," continued Mr. Yuzpe. "We expect to
draw on Michael's strong mergers and acquisitions experience during
what will be an active period of evaluating opportunities to make new
investments or exit existing portfolio positions."
Mr. Staresinic has more than 12 years of experience in the financial
services industry. Prior to joining Sprott Resource Corp., he was Vice
President of Finance at Sprott Inc. where he was also a key member of
the mergers and acquisitions team. Previously, Mr. Staresinic spent
nine years as Vice President of Finance at a publicly-listed
alternative asset management firm. Mr. Staresinic is a Chartered
Professional Accountant, Chartered Accountant, CFA charterholder and a
Chartered Alternative Investment Analyst. He holds an Honours Bachelor
of Mathematics in Chartered Accountancy from the University of
About Sprott Resource Corp.
SRC is a Canadian-based company, the primary purpose of which is to
invest and operate in natural resources. Through acquisitions, joint
ventures and other investments, SRC seeks to provide its shareholders
with exposure to the natural resource sector for the purposes of
capital appreciation and real wealth preservation. SRC is well
positioned to draw upon the considerable experience and expertise of
both its Board of Directors and Sprott Consulting Limited Partnership
(SCLP), of which Sprott Inc. is the sole limited partner. Pursuant to
a management services agreement between SCLP and SRC, SCLP provides
day-to-day business management for SRC as well as other management and
administrative services. SRC invests and operates through Sprott
Resource Partnership (SRP), a partnership between SRC and Sprott
Resource Consulting Limited Partnership, an affiliate of SCLP which is
the managing partner of SRP.
Forward Looking Statements
Certain statements regarding SRC, including management's assessment of
future plans, may constitute forward-looking statements under
applicable securities laws and necessarily involve risk. SRC's actual
results or achievements could differ materially from those expressed
in, or implied by, the forward-looking statements. No assurance can be
given that any events anticipated by the forward-looking statements
will occur. These forward-looking statements, which are based on
management's current expectations, are made as at the date of this news
release. SRC does not undertake any obligation to publicly update or
revise any of these forward-looking statements, except as required by
applicable securities laws.
SOURCE: Sprott Resource Corp.
For further information:
President & Chief Executive Officer
Sprott Resource Corp.
T: (416) 977-7333