Mr. Stephen Yuzpe reports
SPROTT RESOURCE CORP. ANNOUNCES ESTABLISHMENT OF AUTOMATIC REPURCHASE PLAN
Sprott Resource Corp. is establishing an
automatic repurchase plan with a broker, in connection with its normal course issuer bid previously announced on Aug. 30, 2011, to facilitate
purchases of SRC's common shares under the NCIB.
The plan permits SRC to provide standing instructions to its broker as
to how SRC's common shares are to be repurchased, including during
internal blackout periods and/or when the company is in possession of
material non-public information.
Since the beginning of this year, SRC has purchased and cancelled
1,661,000 common shares under the NCIB.
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