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Sprott Resource Lending Corp. O Message Board

  • ventureshadow ventureshadow May 17, 2013 2:10 PM Flag

    offer for buyout of SILU by Sprott Inc (SII.TO)

    Sprott Inc (SII.TO) announced a buyout offer of SILU. Each share of SILU would be exchanged for 1/2 share of Sprott Inc plus C$0.15. Sprott Inc is selling for about $3.20, so 1/2 share is $1.60. Add $0.15 and it is $1.75. This is of course $0.30 above $1.45, about 20%. Of course these prices will change, and there is no guarantee, but right now buying SILU in anticipation of the buyout looks profitable to me. The buyout is expected to close in early July 2013 if 2/3 of SILU voting shares approve. It looks like voting shares of Sprott Inc have already approved the buyout. If you buy SILU now I think you will get a $0.015 dividend before the buyout. To read the official details of the buyout offer look up the stock SII.TO .

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