Sprott to merge Growth, Small Cap funds

Sprott Asset Management has received unitholder and regulatory approval to merge Sprott Growth Fund into Sprott Small Cap Equity Fund.

The merger is expected to be effective as of August 29, 2011, when holders of units of each series of Sprott Growth Fund will receive units of the equivalent series of Sprott Small Cap Equity Fund, determined on a dollar-for-dollar basis.

Unitholders will not be required to pay any redemption fees, sales charges or other fees associated with the termination of Sprott Growth Fund. All costs associated with the termination of Sprott Growth Fund will be borne by Sprott.

Following the merger, Sprott Growth Fund will be wound up as soon as possible.

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