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    market news

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

    Investing News Network
    Jun. 08, 2012 11:54AM PST
    Silver Investing

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

    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.

    Click here to read the full Mineweb report.

    market newstsx:usarx gold
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