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Zijin Signs the Transformation Term Sheet with Sprott Inc.
2016/03/15 5703

During the PDAC conference in Toronto, Mr. Fang Qixue, Executive and Vice President of Zijin, and Mr. Peter Grosskopf, CEO of Sprott Inc., signed the term sheet to transform Sprott-Zijin Mining Fund from a hedge fund to a private equity fund. Sprott Inc. is a Toronto-based alternative assets manager.

Jointly set up by Zijin and Sprott in October 2013, Sprott-Zijin Mining Fund has been outperforming the major mining indices.