Sprott Power Consulting Limited Partnership Files Early Warning Report

Sprott Power Consulting Limited Partnership Files Early Warning Report 
TORONTO, June 3, 2013 /CNW/ - Sprott Power Consulting Limited Partnership 
("Sprott LP") has today filed an early warning report advising of its current 
and anticipated holdings of Sprott Power Corp. (the "Issuer"). Pursuant to a 
transition agreement entered into between Sprott LP and the Issuer dated 
February 10, 2013 (the "Transition Agreement"), Sprott LP expects to acquire 
ownership of up to 6,977,555 common shares (the "Acquired Shares") of the 
Issuer on or prior to July 31, 2013 (the "Termination Date"). The Acquired 
Shares will be issued from treasury, and following the acquisition are 
expected to represent up to approximately 9.28% of the Issuer's currently 
outstanding common shares ("Issuer Shares"). 
In addition, Sprott Flow Through 2012 LP (and its manager, Sprott Asset 
Management LP), Exploration Capital Partner 2000 LP (and its manager Resource 
Capital Investments Corp.), Eric Sprott, Kevin Bambrough, Peter Grosskopf, 
Sprott Consulting LP, Arthur Einav, Sprott Global Resource Investments, Ltd., 
Sprott Asset Management USA Inc., Martin Lim, Donald Bartlett, Hugh Campbell, 
Kevin Gilbride, Stephen Yuzpe and Michael Neylan (collectively, the "Sprott 
Entities") may be considered joint actors with Sprott LP in connection with 
its investment in the Issuer. After giving effect to the acquisition, Sprott 
LP and the Sprott Entities will own, or exercise control or direction over, an 
aggregate of up to 11,958,626 Issuer Shares, warrants (the "Issuer Warrants") 
exercisable for an aggregate of 780,221 Issuer Shares and options (the "Issuer 
Options") exercisable for an aggregate of 644,427 Issuer Shares, as of the 
Termination Date. Based on the number of currently outstanding Issuer Shares 
(as reported by the Issuer) and assuming the issuance of the Acquired Shares, 
the exercise of the Issuer Warrants and the exercise of the Issuer Options, 
Sprott LP and the Sprott Entities together will own or exercise control or 
direction over up to approximately 17.47% of the outstanding Issuer Shares. 
The Acquired Shares will be issued by the Issuer in satisfaction of a 
$7,326,433 payment owing to Sprott LP under the Transition Agreement. The 
Transition Agreement provides that each Issued Share is valued at the greater 
of $1.05 and the 20 day volume weighted average trading price of the Issuer 
Shares as at the Termination Date. Sprott LP's anticipated acquisition of up 
to 6,977,555 Issuer Shares assumes that these shares will be issued at a 
minimum value of $1.05 each. 
Sprott LP will acquire the Acquired Shares in accordance with the Transition 
Agreement in consideration for the Class B units Sprott LP holds of SP 
Operating Limited Partnership and SP Development Limited Partnership. The 
securities described therein are held for investment purposes. Depending on 
market and other conditions, Sprott LP may from time to time in the future 
increase or decrease its ownership, control or direction over such securities 
or other securities of the Issuer, through market transactions, private 
agreements or otherwise. 
The issuance of this press release is not an admission that an entity named 
herein owns or controls any securities described herein or is a joint actor 
with another entity named in the early warning report referred to in this 
press release. 
To obtain a copy of the early warning report referred to in this press  
release, please contact: Glen Williams, (416) 943-4394, 200 Bay Street,  Suite 
2700, PO Box 27, Toronto, Ontario M5J 2J1 at Sprott LP. 
SOURCE: Sprott Power Consulting Limited Partnership 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/June2013/03/c4766.html 
CO: Sprott Power Consulting Limited Partnership
ST: Ontario
NI: FIN  
-0- Jun/03/2013 21:54 GMT
 
 
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