03:50 PM EST - Sprott Power Corp. : announced that it has entered into an agreement to sell its partnership interests in a number of hydro development projects located in northwestern British Columbia to its partner, Anyox Hydro Electric Corp. As announced on May 11, the assets include the 30 megawatt Anyox Creek Hydroelectric Project and other nearby hydro development assets. The sale is scheduled to close on or before September 30. The proceeds from the sale will total up to $4.8 million, with $2.1 million paid through a combination of cash and a short-term irrevocable letter of credit, and the balance receivable upon the successful completion of certain project development milestones. Sprott Power Corp.
shares T.SPZ are trading up $0.02 at $0.84.
