Business NewsMarketWire • Sprott Resource Lending Corp. Announces Approval of Normal Course Issuer Bid

Sprott Resource Lending Corp. Announces Approval of Normal Course Issuer Bid

Sprott Resource Lending Corp. Announces Approval of Normal Course Issuer Bid

TORONTO, ONTARIO--(Marketwire - March 9, 2011) - Sprott Resource Lending Corp. (TSX:SIL)(NYSE Amex:SILU)(the "Corporation" or "Sprott Resource Lending") announced today that it has received approval from the Toronto Stock Exchange (the "TSX") for its normal course issuer bid ("NCIB"), under which the Corporation may make open market purchases of its common shares ("Common Shares") through the facilities of the TSX. Purchases pursuant to the NCIB may be made during the twelve month period commencing on March 16, 2011 and ending on March 15, 2012 or on such earlier date as the Corporation may complete its purchases or otherwise terminate the bid.

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