9 days 14 hours 28 minutes ago - PR Newswire

Rick Rule to Join Sprott Investment Team and be Nominated to Board of Directors Sprott Inc. (TSX:SII) ("Sprott") today announced the signing of a definitive share exchange agreement (the "Agreement") with Arthur Richards Rule IV and the Rule Family Trust U/A/D 12/17/98 (the "Seller") for the acquisition (the "Transaction") of all of the outstanding stock of Rule Investments, Inc. (the owner of Global Resource Investments, Ltd.), Terra Resource Investment Management, Inc. and Resource Capital Investment Corporation (collectively, the "Global Companies"), as first announced by the Company on September 22, 2010. Closing is expected to occur in early February 2011, subject to the timing of necessary regulatory approvals.