TORONTO, ONTARIO--(Marketwire -07/11/12)- Sprott Resource Lending Corp. (the "Corporation" or "Sprott Resource Lending") (SIL.TO)(SILU)(SILU) is pleased to announce that Donald D. Copeland has joined the Corporation as a director.
Mr. Copeland is an independent businessman with close to 40 years of energy industry experience. He currently serves as a director in the Toscana group of companies and three TSX and TSX-V listed energy related companies. He has previously founded and served in executive capacities in a number of oil and gas corporations in both the producing sector and oil field services sector.
Peter Grosskopf, President and CEO, remarked, "We welcome the addition of Don to our Board of Directors. Don brings personal experience in energy investments and loans as well as valuable contacts in the Calgary energy community. With Don's background and Sprott Inc. closing the Toscana transaction we expect to grow Sprott Resource Lending's exposure to the energy sector."
About Sprott Resource Lending Corp.
Sprott Resource Lending specializes in lending to resource companies on a global basis. Headquartered in Toronto, the Corporation seeks to generate income from lending activities as well as the upside potential of bonus arrangements with borrowers generally tied to the underlying property or shares of the borrower. Pursuant to a management services agreement and partnership agreement, Sprott Lending Consulting Limited Partnership provides Sprott Resource Lending (www.sprottlending.com) day to day business management as well as other management and administrative services. Sprott Lending Consulting LP is a wholly owned subsidiary of Sprott Inc., the parent of Sprott Asset Management LP (www.sprott.com), a leading Canadian independent money manager.
For more information about Sprott Resource Lending, please visit SEDAR (www.sedar.com).
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Sprott Resource Lending Corp.
President and CEO
Sprott Resource Lending Corp.