03:40 PM EST - Sprott Power Corp. : announced that following the giving of notice of termination of its Management Services Agreement with Sprott Power Consulting LP it has entered into a transition agreement with Sprott Consulting. The Transition Agreement includes the following: The MSA will terminate on the earlier of July 31, 2013 or completion of any sale of the Corporation resulting from the Strategic Review process.Upon termination of the MSA, the Corporation will pay to Sprott Consulting $8.5 million in full satisfaction of all amounts owing to Sprott Consulting under the MSA and related project management services agreements. Sprott Power Corp.
shares T.SPZ are trading up $0.05 at $1.15.
