Sprott 2011 Flow-Through Limited Partnership said Thrusday it will proceed with the tax-deferred transfer of the assets of the partnership into Sprott Resource Class of Sprott Corporate Class Inc.

The rollover transaction will take place on February 1, after the close of business.

In exchange for the assets, Series A shares of Sprott Resource Class will be issued to the partnership and then distributed to individual limited partners on a dollar equivalent basis. The partnership will be dissolved on February 4.

Sprott Resource Class’ investment objective is to seek to achieve long-term capital growth by investing primarily in equity and equity-related securities of companies in Canada and around the world that are involved directly or indirectly in the natural resource sector. Resource specialists Paul Wong and Jason Mayer are the lead portfolio managers on the fund and are also supported by Sprott’s team of resource experts, including Eric Sprott, Rick Rule, Charles Oliver and Eric Nuttall.

Sprott Asset Management LP is a wholly owned subsidiary of investment manager Sprott Inc. (TSX:SII).