FormerXBC Inc XEBEQ

Sprott Mining Inc. - Possible NFG Acquirer....?

[AlwaysLong683]

Sprott Mining Inc. ".....is a private company focused on acquiring, building and managing a diversified portfolio of producing mining assets in North America.The senior management team has significant transaction, finance and operating experience and is dedicated to finding and investing in exceptional mining projects."

The website doesn't provide any more info than the above, a phone number, and an option to subscribe for updates.

Wondering if Eric Sprott owns this company in its entirely and/or is its largest shareholder?

If NFG is bought out, the odds-on-favourite acquirer may in fact be Sprott Mining Inc..

Think about it.

Sprott already owns approximately 30% of the company. If he once again purchases the vast majority of new shares in the next couple of NFG equity raises, his ownership % will increase by an even greater amount.

As most in here are aware, Palisades is not in the mine-building business - it is a Resource Merchant Bank that takes positions in a large number of resource companies with the goal of share price appreciation followed by takeout premiums.

Thus, the end game of an acquisition of NFG by Sprott Mining Inc. seems like a real possibility unless I'm missing something. Palisades and all other current shareholders get their takeout premium. Sprott's private company owns all of NFG and can fund further exploration and assaying, build mine(s), produce and sell the resulting gold, etc., thus becoming part of Sprott's "legacy".

[AlwaysLong683]

Sorry, wrong BB.