Sprott Inc. Completes IPO

Sprott Inc. (“Sprott”) completed an initial public offering of 20 million common shares. Shares began trading on the Toronto Stock Exchange (TSX) on May 15, 2008, under the ticker SII. The shares were sold by Sprott's executives and employees, most of whom are expected to re-invest in the firm's funds. The deal values Sprott at $1.5 billion.

Sprott is a leading Canadian independent asset manager with close to $7 billion in assets under management through the Sprott Funds and managed accounts.

Heenan Blaikie LLP acted for Sprott Inc. in the IPO with a securities and corporate law team consisting of Sonia Yung, Kevin Rooney, Grace Kim-Cho, Jodie Sourlis, Ryan Atkinson, and Melanie Crouch. Heenan Blaikie also provided Sprott with tax law expertise through Peter L. Clark and Kay Leung, and with employment law expertise through Margaret Gavins. Borden Ladner Gervais LLP's Securities and Capital Markets Group acted as counsel to the underwriters with a team consisting of Philippe Tardif, Dolores Di Felice and Vanessa McMinn. Cormark Securities and TD Securities were the co-lead underwriters.

Heenan Blaikie previously acted as counsel to Sprott Molybdenum Participation Corporation in its $189 million initial public offering.


Margaret E. Gavins Ryan Atkinson Kay W. Leung Dolores Di Felice Grace Kim-Cho Sonia Yung Peter L. Clark Philippe Tardif