Sprott Inc. Approved to List on The New York Stock Exchange
June 24 2020 - 6:00AM
Sprott Inc. (“Sprott” or the “Company”) (TSX: SII) announced today
that its common shares have been approved for listing on the New
York Stock Exchange (“NYSE”). The Company expects its common shares
will commence trading on the NYSE as of market open on June 29,
2020 under the ticker symbol “SII”.
Peter Grosskopf, Chief Executive Officer of
Sprott, commented, “Listing on the NYSE is a significant milestone
for Sprott and a natural next step in the evolution of the company.
We are pleased to offer our shareholders the ability to trade in
U.S. dollars and the expected increase in liquidity. With the
current surge in global interest in precious metals investments, we
believe this is an excellent time for the NYSE listing and look
forward to introducing Sprott to a new and larger investor
base.”
Additional Information for Shareholders In
addition to listing and trading on the NYSE in U.S. dollars,
Sprott’s common shares continue to be listed and trade on the
Toronto Stock Exchange (“TSX”) in Canadian dollars under the symbol
“SII”. Shareholders that purchased their Sprott common shares on
the TSX and, in connection with the NYSE listing, wish to trade in
U.S. dollars are advised to contact their broker for more
information.
Shareholders that purchased their Sprott common
shares “over-the-counter” or OTC, including shareholders whose
shares are denoted in their institution/broker account with the
symbol “SPOXD”, are advised to monitor their account to ensure
their holdings are updated to reflect the NYSE listing and trading
symbol, as the Company expects OTC quotations for Sprott common
shares to cease in connection with the NYSE listing. Shareholders
are advised to contact their broker for more information if they
have questions in this regard.
About Sprott
Sprott is an alternative asset manager and a
global leader in precious metal investments. Through its
subsidiaries in Canada, the US and Asia, Sprott is dedicated to
providing investors with specialized investment strategies that
include Exchange Listed Products, Lending, Managed Equities and
Brokerage. Sprott’s common shares are listed on the Toronto Stock
Exchange under the symbol (TSX: SII) and are expected to begin
trading on the New York Stock Exchange on June 29, 2020 under the
symbol (NYSE: SII). For more information, please visit
www.sprott.com.
Forward Looking Statements
This press release contains statements that
constitute “forward-looking information” (collectively,
“forward-looking statements”) within the meaning of applicable
securities laws. Often, but not always, forward-looking statements
can be identified by the use of words such as “plans”, “expects”,
“is expected”, “estimates”, “anticipates”, or “believes” or
variations (including negative variations) of such words and
phrases, or state that certain actions, events or results “may”,
“could”, “would”, “might” or “will” be taken, occur or be
achieved.
The forward-looking statements herein are made
as of the date of this press release only, and the Company does not
assume any obligation to update or revise them to reflect new
information, estimates or opinions, future events or results or
otherwise, except as required by applicable law. Forward-looking
statements in this press release include statements about the
timing of trading on the NYSE, trading liquidity, investment base
characteristics and OTC quotations.
Although the Company believes the
forward-looking statements in this press release are reasonable, it
can give no assurance that the expectations and assumptions in such
statements will prove to be correct. The Company cautions investors
that any forward-looking statements by the Company are not
guarantees of future results, and that actual results may differ
materially from those in forward-looking statements as a result of
various factors, including, but not limited to, the following: the
timing of commencement of trading of Sprott common shares on the
NYSE being delayed; the impact of any escalation in the severity of
the COVID-19 pandemic on the implementation of the NYSE listing;
and the other risks described under the headings "Managing Risk:
Financial" and "Managing Risk: Non-Financial" in the Company’s
MD&A for the periods ended December 31, 2019 and March 31,
2020. As a result, readers should not place undue reliance on the
forward-looking statements contained in this press release.
Investor contact
information:Glen WilliamsManaging Director, Investor
Relations & Corporate Communications(416)
943-4394gwilliams@sprott.com
Media contact information:Dan Gagnier/Jeff MathewsGagnier
Communications(646) 569-5897sprott@gagnierfc.com
Sprott (TSX:SII)
Historical Stock Chart
From Apr 2024 to May 2024
Sprott (TSX:SII)
Historical Stock Chart
From May 2023 to May 2024