The Board of Directors of Sprott Power Corp., a publicly traded, Toronto, Ontario-based company focused on the development, ownership and operation of renewable energy projects, has initiated a strategic review aimed at enhancing shareholder value. Options under consideration include the possible sale of the company. Sprott has received financing from Canadian private equity firm VentureLink LP.
Sprott Power Initiates Strategic Review
Toronto – January 10, 2013 – Sprott Power Corp. (“Sprott Power” or the “Company”) (TSX:SPZ) today announced that its Board of Directors has initiated a process to identify, examine and consider a range of strategic options available to the Company with a view to enhancing shareholder value, including a possible sale of the Company.
A Strategic Review Committee of the Board has been formed to oversee the review process. The Strategic Review Committee is comprised of the Company’s independent directors. Sprott Power has engaged Canaccord Genuity Corp. as its advisor in connection with the review process.
In making the announcement, Sprott Power stated that there can be no assurance that the evaluation of a strategic review will result in any change in the operation or ownership of the company and Sprott Power does not intend to make any further announcements with respect to its strategic review until such time as the Board of Directors deems appropriate.
About Sprott Power Corp.
Sprott Power is a publicly-traded Canadian-based company dedicated to the development, ownership and operation of renewable energy projects. Through project development efforts, acquisitions, partnerships and joint ventures, Sprott Power provides its shareholders with income and growth from the renewable power generation sector of the energy industry.
For more information, please contact:
Jeff Jenner, CA, CBV
President and Chief Executive Officer
Sprott Power Corp.
Photo courtesy of Shutterstock.
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