SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Instagram Outage Disrupts Thousands of U.S. Users 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Sprott’s AUM Increased by Approximately $1 Billion
Adds Over 20,000 New Investors to Sprott Client Base
TORONTO, Jan. 18, 2016 (GLOBE NEWSWIRE) -- Sprott Inc. (TSX:SII) ("Sprott" or the "Company") today announced that its subsidiary, Sprott Asset Management LP, together with Sprott Physical Gold Trust (NYSE:PHYS) (TSX:PHY.U), has successfully completed its exchange offer to acquire all of the outstanding units of Central GoldTrust (“GTU”) (NYSE:GTU) (TSX:GTU-U) on a Net Asset Value (“NAV”) to NAV exchange basis.
“This is an important transaction for Sprott that adds more than $1 billion to our total assets under management, based on current gold pricing,” said Peter Grosskopf, CEO of Sprott. “In addition, we have increased the size and liquidity of our industry-leading physical bullion products and gained more than 20,000 new clients based largely in the US, which is a key growth area for Sprott. The overwhelming support the offer received from GTU unitholders confirms the benefits of our exchange-listed bullion products and positions us well to leverage our platform to deliver further growth.”
Subsequent to the completion of the exchange offer, the Sprott Physical Gold Trust had a NAV of approximately US$2 billion.
Sprott would like to acknowledge the efforts of the team at Sprott Asset Management and special legal counsel Stikeman Elliott who assisted on the successful transaction.
About Sprott Inc.
Sprott Inc. is a global independent asset manager dedicated to achieving superior returns for its clients over the long term. The Company operates primarily through five business units: Sprott Asset Management LP; the Global Companies; Sprott Resource Lending Corp.; Sprott Consulting LP; and Sprott Private Wealth LP. Sprott Inc. is headquartered in Toronto, Canada and is listed on the Toronto Stock Exchange under the symbol "SII". For more information on Sprott Inc., please visit www.sprottinc.com.
Contact information: Glen Williams Director of Communications Sprott Group (416) 943-4394 [email protected]
