News:SLG Voting Agreement With SprottSterling announces voting agreement with Sprott Asset Management
CALGARY, Mar 18, 2008 (Canada NewsWire via COMTEX News Network) --
Sterling Resources Ltd. (TSX-V: SLG)
Sterling Resources Ltd. is pleased to announce that it has entered into a voting agreement with Sprott Asset Management Inc. (Sprott) pursuant to which Sprott has agreed to vote any Sterling common shares that are held by any of its investment funds or other managed accounts and representing in excess of 20 percent of Sterling's issued and outstanding common shares at any time in accordance with the recommendation of Sterling's board of directors. The agreement has a one-year term and will be renewable for successive one-year terms, unless earlier terminated in certain circumstances.