Sprott Inc. has completed its previously announced initial public offering by way of a secondary offering of common shares.

The company’s common shares are listed on the Toronto Stock Exchange under the symbol SII.

Certain shareholders of Sprott sold 20 million common shares at an offering price of $10 a share for aggregate proceeds of $200 million.

In addition, certain of the selling shareholders have granted an over-allotment option to the underwriters to purchase up to an additional 3 million common shares at the offering price, such option to expire on June 14.

The underwriting syndicate for the offering was co-led by Cormark Securities Inc. and TD Securities Inc. and included CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc., GMP Securities L.P., Canaccord Capital Corporation, National Bank Financial Inc., Jennings Capital Inc., Paradigm Capital Inc. and Clarus Securities Inc.

Immediately prior to the closing of the offering, the company acquired 100% of the outstanding shares of Sprott Asset Management Inc. Sprott Asset is is the manager of the Sprott Funds, and has approximately $6.8 billion in assets under management.