TORONTO,
March 19, 2015 /CNW/ - Sprott Inc.
(TSX: SII) ("Sprott" or the "Company") is pleased to announce that
Trey Reik, a 33-year veteran of the
investment management business, has joined Sprott Asset Management
USA, Inc., as Senior Portfolio
Manager and Precious Metal Strategist.
Mr. Reik has dedicated the past 13 years to
precious-metal investing and, since 2009, has served as Managing
Member of Bristol Investment Partners LLC, a registered investment
advisor focused exclusively on the sector. Mr. Reik has written
extensively on precious metals markets and monetary policy and is a
recognized public speaker on these topics. At Sprott, Mr.
Reik's responsibilities will include the development and management
of institutional precious metal-focused investment vehicles,
primarily in the United States.
"Trey brings to Sprott a unique breadth of
experience and perspective as a gold investor," said Peter Grosskopf, CEO of Sprott. "His experience
and knowledge of global monetary affairs is a welcome addition to
the Sprott team and we look forward to sharing Trey's insights and
commentary with Sprott clients around the globe."
"I have always viewed Sprott as a preeminent
precious-metal investment franchise," added Mr. Reik. "I am
thrilled that Bristol clients will
have the opportunity to benefit from the collective efforts of
Sprott's deep and talented team."
About Sprott Inc.
Sprott Inc. is a leading independent asset
manager dedicated to achieving superior returns for its clients
over the long term. The Company currently operates through five
business units: Sprott Asset Management LP, Sprott Private Wealth
LP, Sprott Consulting LP, Sprott Resource Lending Corp. and Sprott
U.S. Holdings Inc. Sprott Asset Management is the investment
manager of the Sprott family of mutual funds and hedge funds and
discretionary managed accounts; Sprott Private Wealth provides
wealth management services to high net worth individuals; and
Sprott Consulting provides management, administrative and
consulting services to other companies. Sprott Resource Lending
provides lending services to mining and energy sectors. Sprott U.S.
Holdings Inc. includes Sprott Global Resource Investments Ltd,
Sprott Asset Management USA Inc.,
and Resource Capital Investments Corporation. 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.
Forward-Looking Information
Certain statements in this news release contain
forward-looking information (collectively referred to herein as the
"Forward-Looking Statements") within the meaning of applicable
securities laws. The use of any of the words "expect",
"anticipate", "continue", "estimate", "may", "will", "project",
"should", "believe", "plans", "intends" and similar expressions are
intended to identify Forward-Looking Statements. In particular, but
without limiting the forgoing, this news release contains
Forward-Looking Statements pertaining to: (i) expectations with
respect to Mr. Reik's role at Sprott; and (ii) expectations with
respect to the benefits to Bristol's clients. Although Sprott
believes that the Forward-Looking Statements are reasonable, they
are not guarantees of future results, performance or
achievements. A number of factors or assumptions have been
used to develop the Forward-Looking Statements. Actual
results, performance or achievements could vary materially from
those expressed or implied by the Forward-Looking Statements should
assumptions underlying the Forward-Looking Statements prove
incorrect or should one or more risks or other factors materialize,
including: (i) adverse market conditions; and (ii) those risks
described under the heading "Risk Factors" in Sprott's annual
information form dated March 4,
2015. The Forward-Looking Statements speak only as of the
date hereof, unless otherwise specifically noted, and Sprott does
not assume any obligation to publicly update any Forward-Looking
Statements, whether as a result of new information, future events
or otherwise, except as may be expressly required by applicable
Canadian securities laws.
SOURCE Sprott Inc.