Sprott Resource Lending Corp. Reports Third Quarter 2011 Results

Sprott Resource Lending Corp. (TSX:SIL,NYSE:SILU) reported its financial results for the three and nine months ended September 30, 2011.

Sprott’s President and CEO, Peter Grosskopf said:

During the third quarter, we increased our resource loan portfolio by $27 million to $89 million and have added another $30 million subsequent to quarter end to bring our total funded amount to approximately $119 million.

Sprott’s CFO, Jim Grosdanis said:

Not reflected in our third quarter results, which was a highlight for the Company, was leading a $72 million secured facility for North American Palladium Ltd. which included a warrant tied to the price of palladium. Our participation in the facility of $25 million will be reflected in our fourth quarter results.

Click here to read the Sprott Resource Lending Corp. (TSX:SIL) press release.