09:54 AM EST - Sprott Resource Corp. : announced today that it has increased the maximum price at which the Company will repurchase and cancel common shares as set out in its Automatic Repurchase Plan to $4.60 per share. The Plan, previously put in place with a broker on September 4, 2012, was established in connection with the Company's Normal Course Issuer Bid, which commenced on September 7, 2012, in order to facilitate purchases of SRC's common shares under the Bid. The Plan permits SRC to provide standing instructions to its broker as to how the Company's common shares are to be repurchased, including during internal blackout periods and/or when the Company is in possession of material non-public information. SRC did not possess material non-public information about itself or its securities at the time it increased the maximum price. Sprott Resource Corp.
shares T.SCP are trading up $0.075 at $4.17.
