Sprott Power Consulting LP Announces Notice of Termination of Management
Services Agreement with Sprott Power Corp.
TORONTO, Jan. 29, 2013 /CNW/ - As announced by Sprott Power Corp. ("SPC")
yesterday, Sprott Power Consulting LP ("SPCLP"), a subsidiary of Sprott Inc.
(TSX:SII), has received notice from SPC that effective July 31, 2013 the
management services agreement between SPC and SPCLP (the "MSA") will be
terminated. In addition, effective yesterday, Jeff Jenner is no longer an
employee of SPCLP. Mr. Jenner was formerly the Chief Executive Officer of
As a result of Mr. Jenner no longer being employed by SPCLP, SPCLP has no
nominees sitting on SPC's board of directors (the "SPC Board") and SPCLP is no
longer involved in SPC's strategic decision making process.
Pursuant to the MSA, SPCLP has notified the SPC Board that SPC must remove the
name "Sprott" from its name forthwith.
Glen Williams Director of Communications Sprott Inc. (416) 943-4394
SOURCE: Sprott Inc.
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-0- Jan/29/2013 21:00 GMT
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