N@N

SPROTT INC. ANNOUNCES LETTER OF INTENT FOR THE ACQUISITION OF GLOBAL RESOURCE INVESTMENTS LTD., TERRA RESOURCE INVESTMENT MANAG

_{//business-finance.news-articles.net/content/201 .. stments-ltd-terra-resource-investment-manag.html}
^{Published in Business and Finance on Wednesday, September 22nd 2010 at 5:16 GMT by Market Wire}  

 - Resource Capital Investments Corp. (RCIC) was founded in 1998 and manages US$370 million of assets for pooled investment vehicles that invest in natural resource companies. The pooled investment vehicles managed by RCIC generate management and performance fees and have an average remaining duration of seven years. - Terra Resource Investment Management (TRIM) was founded in 2006 and is a Registered Investment Advisor that provides segregated managed accounts for institutions and high-net worth individuals. TRIM has US$110 million of assets under management and approximately 600 client accounts. - Global Resource Investments Ltd. (GRIL) was founded in 1993 and is a full service U.S. brokerage firm that specializes in natural resource companies in the United States, Canada and Australia. GRIL has over US$850 million in assets under administration and almost 5,000 client accounts. 

 ------------------------- (1) EBITDA does not represent and should not be considered as an alternative to net income or cash flow from operations, as determined by United States generally accepted accounting principles, and the Seller's calculation of EBITDA may not be comparable to that reported by other companies. EBITDA is included herein because it is a basis upon which the Seller assesses its financial performance and because it believes that it presents useful information to investors. The Seller's definition of EBITDA may not be the same as that used by other companies in the financial services industry or other industries.