SRHI Inc. today announces the increase of the size of its board of directors from five to six members and the appointment of Michael Staresinic to the board of directors, effective immediately. Michael Staresinic also serves as SRHI’s President and Chief Financial Officer. Mr. Staresinic has 20 years of experience in financial services and mining and previously served as the Chief Financial Officer of the Company since [...]
SRHI Inc. announces that it has completed a vertical short-form amalgamation with its wholly-owned subsidiary, Sprott Resource Coal Holdings Corp., under section 184 of the Canada Business Corporations Act on June 23, 2020. The amalgamation was approved by the board of directors of each of the amalgamating companies. As part of the amalgamation, and as contemplated in the Company’s news release of May 13, 2020, the name [...]
Sprott Resource Holdings Inc. reported the results of its Annual Meeting of the Corporation's shareholders held earlier today via live video conference. SRHI is pleased to announce that all matters disclosed in the Management Information Circular dated May 12, 2020 were approved by the Shareholders. At the Meeting, each of the following five proposed nominees was elected as a director of SRHI: Nominee Votes For % For [...]
Sprott Resource Holdings Inc. today announces certain corporate governance clarifications on account of the review performed by Institutional Shareholder Services of the matters to be voted on at the upcoming annual and special meeting of shareholders of SRHI to be held on June 23, 2020. The management information circular dated May 12, 2020 pertaining to this Meeting was mailed to shareholders of record on May 25, 2020 [...]
- Sprott Resource Holdings Inc. today announced its operating and financial results for the three months ended March 31, 2020. The Company's principal operating business is its 70% equity interest in the producing copper mine Minera Tres Valles in Salamanca, Chile. The Company's financial statements and management's discussion and analysis are available at www.sprottresource.com and www.sedar.com. "COVID-19 and other [...]
Sprott Resource Holdings Inc. today announced that, as a result of the logistics and delays caused by the COVID-19 pandemic, the Company will be relying on the general order of the Ontario Securities Commission made under Ontario Instrument 51-502 Temporary Exemption from Certain Corporate Finance Requirements , dated March 23, 2020, to postpone the filing of its interim financial statements and accompanying management’s [...]
Sprott Resource Holdings Inc. announces that the Toronto Stock Exchange has notified the Company that it is reviewing the eligibility of the Company’s securities for continued listing on the TSX pursuant to the requirements of the TSX Company Manual . The Company is being reviewed under the TSX’s remedial review process and has been granted 120 days to comply with all requirements for continued listing. If the Company [...]
Sprott Resource Holdings Inc. today announced that it has agreed to end its management services relationship with Sprott Consulting Limited Partnership , a wholly-owned entity of Sprott Inc. and transition to establish an independent management team. The Company has entered into a Transitional Support Agreement dated May 12, 2020 with SCLP pursuant to which the Management Services Agreement between the Company and SCLP [...]
Sprott Resource Holdings Inc. today announced that Minera Tres Valles SpA , the Company’s 70% Chilean copper mining subsidiary, has commenced reorganization proceedings by filing a Judicial Restructuring Procedure in Chile to seek protection from creditors to give MTV sufficient time to complete its refinancing efforts to allow for the completion of the construction of its underground mine. This is the equivalent of [...]
Sprott Resource Holdings Inc. announced today that pursuant to a share purchase agreement entered into by Sev.en Met Coal Corp. and Sprott Resource Coal Holdings Corp. , a wholly owned subsidiary of SRHI, it disposed of 16,244,765 common shares of Corsa Coal Corp. at a price of $0.22 per share for aggregate gross proceeds of $3,573,848.30, subject to adjustment in certain circumstances where the purchaser acquires [...]
Sprott Resource Holdings Inc. today announced that it has received written notice from the lenders of Minera Tres Valles SpA , the Company’s 70% Chilean copper mining subsidiary, that certain events of default have occurred and are continuing under the loan facility agreement with MTV including events of default under clauses 24.6 , 24.12 and/or 24.14 . The lenders have informed MTV and the Company that it has chosen not [...]
Sprott Resource Holdings Inc. today announced that the annual general meeting scheduled for May 13, 2020 is postponed as a consequence of the COVID-19 virus. A notice for a rescheduled AGM will be announced in due course for the holding of an AGM before the end of June 2020. About Sprott Resource Holdings Inc. SRHI is a publicly-listed diversified resource holding company focused on the natural resource industry. SRHI is [...]
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