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Sprott Power shares up on strategic review process

Sprott Power shares up on strategic review process

Sprott Power Corp. (TSE:SPZ) shares rose today after it said its board has initiated a strategic review of options to enhance shareholder value, including a potential sale of the company. 

A committee has been formed to oversee the process, which is comprised of the company's independent directors. Sprott Power has also hired Canaccord Genuity as its advisor.

The company said it doesn't plan to make any further announcements until the board deems appropriate. 

Sprott Power is a publicly-traded Canadian company focused on the development, ownership and operation of renewable energy projects. 

Shares in the company rose more than 8% Thursday to $1.29. 

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Sprott Power Timeline

March 27 2012
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