Sprott Inc. today announced that it has filed a preliminary prospectus with the securities regulators across Canada for an initial public offering by way of a secondary offering of common shares of the company.

Immediately prior to the closing of the IPO, Sprott Inc. will acquire 100% of the outstanding shares of Sprott Asset Management Inc.

Sprott Asset Management is an independent asset manager with approximately $6.9 billion in assets under management, and the manager of the Sprott Funds.

This IPO will be made through a syndicate of underwriters co-led by Cormark Securities Inc. and TD Securities Inc. and including CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc., GMP Securities L.P., Canaccord Capital Corp., National Bank Financial Inc., Jennings Capital Inc., Paradigm Capital Inc. and Clarus Securities Inc.