Sprott Resource Lending Corp (SII)

[NYBob]

Well its about cost cutting and both company under the same
management and it can make it more easy -

Sprott Resource Lending Corp. announces intention to delist
its shares from the TSX and NYSE MKT following closing of its
arrangement with Sprott Inc.

http://www.sprottlending.com/investors/press-releases/press-release/?prId=122536
TORONTO, July 12, 2013 /CNW/ -

Sprott Resource Lending Corp.
(the "Company" or "Sprott Resource Lending") (TSX:SIL)
(NYSE MKT:SILU) announced today that it intends to delist its
common shares from the Toronto Stock Exchange and the New York
Stock Exchange MKT ("NYSE MKT")
following completion of its previously announced plan of
arrangement with Sprott Inc.
(TSX:SII) (the "Arrangement"), which is expected to close on
July 24, 2013, subject to the receipt of requisite shareholder
and judicial approvals.
The Company will also apply to cease to be a reporting issuer in
each province and territory of Canada and deregister from the
reporting requirements of the U.S. Securities Exchange Act of
1934, as amended (the "Exchange Act").
The Company is taking these actions as a result of the
consequences of the Arrangement, which include the fact that
after closing the Arrangement, Sprott Inc. will hold all of the
common shares of the Company. The Company does not intend to
list its common shares on any other exchange.

Closing of the Arrangement is subject to the approval of
shareholders of the Arrangement at the Company's annual and
special meeting July 18, 2013, and receipt of a final order from the Ontario Superior Court of Justice approving the Arrangement at a hearing scheduled for 10:00 a.m. (Toronto time) on July 19, 2013.

The Company intends to file a siForm 25 with the the U.S. Securities and Exchange Commison (the "SEC") on or about July 24, 2013 to delist its common shares from the NYSE MKT and to deregister the Company's common stock under the Exchange Act. The Company expects that the trading of its common shares on the NYSE MKT will be suspended on the date the Form 25 is filed, with the official delisting of the Company's common shares becoming effective ten days thereafter. The Company shall also file a Form 15 with the SEC to suspend the Company's reporting requirements under Section 15(d) of the Exchange Act. Upon filing of the Form 15, the Company will no longer be obligated to file certain Exchange Act reports with the SEC.

About Sprott Resource Lending

Sprott Resource Lending
(www.sprottlending.com) specializes in lending to resource companies on a global basis.
Headquartered in Toronto, the Company seeks to generate income
from lending activities as well as the upside potential of bonus
arrangements with borrowers generally tied to the underlying
property or shares of the borrower. Pursuant to a management
services agreement and a partnership agreement,
Sprott Lending Consulting Limited Partnership ("SLCLP") provides
Sprott Resource Lending day to day business management as well
as other management and administrative services.
SLCLP is a wholly owned subsidiary of
Sprott Inc. (www.sprottinc.com), the parent of
Sprott Asset Management LP (www.sprott.com).

For more information about Sprott Resource Lending, please visit
SEDAR (www.sedar.com).

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