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Sprott Resource Corp.

11:55 AM EST - Sprott Resource Corp. : announced financial results for the three months ended March 31. SRC reported a net loss of $1.0 million for the three-months ended March 31, 2012 compared to net income of $14.6 million for the same period in 2011. Sprott Resource Corp. shares T.SCP are trading down $0.06 at $3.86.