TORONTO, June 24, 2013 /CNW/ - Sprott Resource Lending Corp. (the
"Company" or "Sprott Resource Lending") (TSX:SIL) (NYSE MKT:SILU) today
applied to the Ontario Superior Court of Justice, Commercial List (the
"Court") for an order pursuant to Section 133(3) of the Canada Business Corporations Act (the "CBCA") extending the time for Sprott Resource Lending to call its
annual and special meeting of shareholders (the "Meeting"), which was
originally scheduled to be held on June 25, 2013, to a date not later
than July 23, 2013 (the "Order"). As noted in the Company's press
release of June 20, 2013, the Meeting is being postponed pending the
final clearance of regulatory comments from the United States
Securities and Exchange Commission on the Company's May 31, 2013
Schedule 13E-3 going private transaction statement.
At the request of the Court, the matter was adjourned so that the
Company could publicly provide notice of the application to its
shareholders and to the director under the CBCA. The application will
now be heard tomorrow, June 25, 2013 at 9:30 a.m. at 330 University
Avenue, Toronto, Ontario, in Courtroom 8-6 by the Honourable Justice
David Brown. Any interested person may attend in person and make
submissions on the application.
In support of the application, the Company filed with the Court: a
Notice of Application issued June 20, 2013; an Affidavit of James John
Grosdanis, sworn June 20, 2013; the supplementary Affidavit of James
John Grosdanis sworn June 24, 2013 and a form of Order. A copy of the
Notice of Application is available on the Company's website at www.sprottlending.com and on SEDAR at www.sedar.com.
About Sprott Resource Lending Corp.
Sprott Resource Lending (www.sprottlending.com) specializes in lending to resource companies on a global basis.
Headquartered in Toronto, the Company seeks to generate income from
lending activities as well as the upside potential of bonus
arrangements with borrowers generally tied to the underlying property
or shares of the borrower. Pursuant to a management services agreement
and a partnership agreement, Sprott Lending Consulting Limited
Partnership ("SLCLP") provides Sprott Resource Lending day to day
business management as well as other management and administrative
services. SLCLP is a wholly owned subsidiary of Sprott Inc. (www.sprottinc.com), the parent of Sprott Asset Management LP (www.sprott.com). For more information about Sprott Resource Lending, please visit
SOURCE: Sprott Resource Lending Corp.
For further information:
Investor Contact Information:
Sprott Resource Lending Corp.
Narinder Nagra, President and COO
Jim Grosdanis, CFO