Home Breadcrumb caret Industry News Breadcrumb caret Industry Breadcrumb caret Investments Breadcrumb caret Market Insights Eric Sprott to sell some shares in Sprott Inc. The founder of the firm will sell at least 25 million shares of his company. Find out why. By Staff | June 25, 2014 | Last updated on June 25, 2014 1 min read The founder of investment firm Sprott Inc., Eric Sprott will sell at least 25 million shares of his company, reports the Financial Post. Read: Sprott announces Enhanced Balanced Class The shares will be sold for $3 each. Some 20 million of the shares will be sold publicly, while the rest will go to the employee’s profit-sharing plan. The deals would reduce Sprott’s ownership of the company to 53.2 million shares. He’ll still be the company’s biggest shareholder, reports FP. The sale comes as Sprott moves towards retirement and reduces his involvement with the company. Read more here. Also read: Sprott launches global mining fund Sprott in joint venture with CITIC Private Equity Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo