Sprott Resource Corp Ord SCPZF

Fees, warrants and dilution .....Who really benefits???

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For all who have received the documents of merger between SCP and ADI please go to page 25.

New Warrants to the new mgt.team (Srclp)

21,750,000 .  New warrants to replace the management agreement given to the management as consideration but no terms given . Transparency??
 This is a dilution of all shareholders to the benefit of the management assuming they can move the market price!! Where are the details of this , terms ,dates etc.

Management Fees -  one half  percent per quarter of NAV ( not market value) (2%per year) to the new MSA plus expenses of no more than 3.25% the first year (2017) and then 3% afterwards( of NAV not market value)
We all know that we have a constant huge discount to nav with scp so is this the incentive to reduce it with this new merger?
Note- That is a fat 5% fee off NAV yearly. They invested 15 million and will get that back quickly(150million at 5% is 7.5million yearly) in fees and expenses within 2 years approximately.

 Besides the benefit , assumed , of Rick Rule as chief investment officer what real benefit is there to Sprott Resource shareholders relative to ADI shareholders.

 Please read some of the circular sent out. It is good bed time reading but should be looked at closely alert.
 It is my feeling that the new management has set up two entities that are cash and equity rich with no debt to bleed drop by drop via low transparency , high fees and shareholder dilution.

 I really do wish to have a new team on shareholders side to bridge the market to Nav but the more I read the more I become sceptical.
 Just give me my NAV and let the whole structure (merger) bypass me . That is not an option as far as I can see.
 Call Kingsdale at the toll free number to discuss if you can find someone that has knowledge to help you.
 They need 66.66% approval and I feel they are too confident in the circular especially with their lack of transparency. There should be a page with all the listed fees etc. listed clearly.

NOTE- this is my understanding of this agreement and I post this myself with my own research of the materials sent to me. If I misinterpret any part of the agreement as I have posted above please let me know and I apologise in advance.
 I invite others that are  100% in favour to enlighten me please.I really would like to have a saviour here where we all win .
Ted