09:52 AM EST - Sprott Resource Corp. : reported net income for the full year 2008 of $134.2 million or $1.94 per basic share, compared to $2.0 million or $0.09 per basic share last year. The company noted that the increase in net earnings was primarily a result of gains realized from the sale of securities, in particular the sale of SRC's shares in PBS Coals Ltd. General and administrative expenses for 2008 increased to $43.3 million from $2.0 million previous year. Sprott Resource Corp.
shares T.SCP are trading up $0.10 at $2.35.
