Sprott Shows Support for Takeover of RX Gold & Silver By US Silver

Mineweb reported that Sprott Asset Management said it supports RX Gold & Silver (TSXV:RXE) by US Silver (TSX:USA).

As quoted in the market news:

Sprott Asset Management is the top shareholder in both companies, with a 14-percent interest in U.S. Silver and an eight-percent stake in RX Gold, and would thus end up with about 12 percent of the post-takeover U.S. Silver & Gold.  Sprott said, in a prepared statement, that his firm was “very supportive” of the deal which he suggested would “unlock value” from the combined assets.

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