PROMINENT INVESTOR ERIC SPROTT STEPPING ASIDE AS CHAIRMAN

Eric Sprott will step down as chairman of Sprott Inc. as of May 10, when the fund company holds its annual meeting. The Torontobased asset management firm says it expects Jack Lee will become chairman of Sprott’s board, a role he has held previously while Sprott was president and CEO of Sprott Inc. and Sprott Asset Management Inc. Eric Sprott, who founded Sprott Inc., is well- known in Toronto’s financial community for taking an unconventional approach by investing heavily in alternative assets such as precious metals and correctly anticipating changes in the market’s direction. In the company’s announcement on Friday, Sprott said he had decided to step down from the board to focus on his personal investments and his family.