Sprott Resource Corp. Announces Holdings in Virginia Energy Resources Inc.

Sprott Resource Corp. Announces Holdings in Virginia Energy Resources Inc. 
TORONTO, Jan. 28, 2013 /CNW/ - Sprott Resource Corp. (TSX: SCP) - Sprott 
Resource Corp. ("SRC") announced today that, through Sprott Resource 
Partnership ("SRP"), it holds 9,444,815 common shares of Virginia Energy 
Resources Inc. ("Virginia Energy"), which based on information contained in 
documents publically filed by Virginia Energy, represents approximately 16.5% 
of the total issued and outstanding common shares of Virginia Energy (the 
"Shares"). 
Pursuant to Virginia Energy's previously announced private placement (the 
"Placement"), which closed on January 25, 2013, SRP acquired ownership of 
2,857,143 Shares at a purchase price of $0.42 per Share pursuant to a 
subscription agreement dated January 14, 2013. 
SRP acquired the Shares for investment purposes. SRP may purchase or sell 
securities of Virginia Energy in the future on the open market, in private 
transactions or otherwise, depending on market conditions and other factors 
material to the investment decisions of SRP. 
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 
SRP, a partnership between SRC and Sprott Resource Consulting Limited 
Partnership, an affiliate of SCLP which is the managing partner of SRP. 
Forward-looking Information and Statements 
This news release contains certain forward-looking information and statements 
within the meaning of applicable securities laws. The use of any of the words 
"expect", "intends", "anticipate", "continue", "estimate", "may", "will", 
"project", "should", "believe", "plans" and similar expressions are intended 
to identify forward-looking information and statements. In particular, but 
without limiting the forgoing, this news release contains forward-looking 
information and statements pertaining to SRC's and SRP's future intentions 
regarding the purchase or sale of securities of Virginia Energy. 
Forward-looking information or statements are based on a number of 
expectations or assumptions which have been used to develop such information 
and statements but which may prove to be incorrect, including, but not limited 
to, expectations or assumptions regarding market conditions and other factors 
material to the investment decisions of SRC and SRP. Although SRC believes the 
expectations and assumptions reflected in such forward-looking information and 
statements are reasonable, undue reliance should not be placed on 
forward-looking information and statements because SRC can give no assurance 
that such expectations and assumptions will prove to be correct. The 
forward-looking information and statements included in this new release are 
not guarantees of future performance and should not be unduly relied upon. 
Such information and statements, including the assumptions made in respect 
thereof, involve known and unknown risks, uncertainties and other factors, 
which may cause actual results or events to differ materially from those 
anticipated in such forward-looking information or statements, including, 
without limitation, those listed under the heading "Risk Factors" in SRC's 
annual information form dated March 27, 2012. Should one or more of these 
risks or uncertainties materialize, or should assumptions underlying the 
forward-looking information and statements prove incorrect, actual results, 
performance or achievements could vary materially from those expressed or 
implied by the forward-looking information and statements contained in this 
news release. The forward-looking information and statements contained in this 
news release speak only as of the date of this news release, and SRC does not 
assume any obligation to publicly update or revise any of the included 
forward-looking information or statements, whether as a result of new 
information, future events or otherwise, except as may be expressly required 
by applicable securities laws. 
Stephen Yuzpe Chief Financial Officer Sprott Resource Corp. 200 Bay Street, 
Suite 2750 Toronto, Ontario M5J 2J2 Tel: (416) 977-7333 Fax: (416) 977-9555 
SOURCE: Sprott Resource Corp. 
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CO: Sprott Resource Corp.
ST: Ontario
NI: MNG  
-0- Jan/28/2013 21:38 GMT
 
 
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