Former AFN National Chief Phil Fontaine joins
Board of One Earth Farms
TORONTO, November 25, 2009 (TSX: SCP) �
Sprott Resource Corp. (�SRC�) today announced that Chief Phil Fontaine, former
National Chief of the Assembly of First Nations, will join the Board of
Directors of One Earth Farms Corp. (�One Earth Farms�) effective immediately.
�Chief Fontaine�s experience and commitment to the
advancement of Canada�s
First Nations is beyond comparison, and his time in public service has earned
him the respect of the Aboriginal community and Canadians from all walks of
life,� said Eric Sprott, Chairman of One Earth Farms� Board of Directors. �We
value the perspective Chief Fontaine brings to One Earth Farms and look forward
to working with him as we continue to establish working partnerships with First
Nations communities in order to build Canada�s
largest, most efficient operating farm.�
�The success we have achieved to date working with
First Nations in Manitoba, Saskatchewan and Alberta can only be enhanced by the
addition of Chief Fontaine to our Board,� added Larry Ruud, President and CEO
of One Earth Farms. �His deep relationships and commitment to the advancement
of First Nations people will help guide us as we continue to develop and expand
our business.�
Former National Chief Fontaine said, �I am excited to
be part of a unique and transformative company that will help move First
Nations directly into the farming industry and create new training, employment
and business opportunities.�
Chief
Fontaine is an Ojibway from the Sagkeeng First Nation in Manitoba.
He was elected Chief at his home First Nation, Grand Chief of the Assembly of
Manitoba, and was elected National Chief of the Assembly of First Nations three
times. As National Chief, Phil Fontaine advocated for greater engagement by the
business community with First Nations peoples, a role he has continued since he
stepped down as National Chief in July 2009. Since his retirement from public
life, Chief Fontaine has founded his own consulting practice and, in September
2009, was appointed as Special Advisor to the Royal Bank of Canada.
About One Earth Farms Corp.
One Earth
Farms intends to become Canada�s
largest, most efficient operating farm through partnerships with First Nations.
The company�s strong capitalization, professional management and access to
large tracts of world-class farmland position it well to achieve higher rates
of profitability than smaller farms, while benefiting from global trends
impacting food supplies and driving international farming investment demand. To
further strengthen its relationship with First Nations, One Earth Farms plans
to initiate job training programs to help teach sustainable farming practices
to future generations of First Nations persons. One Earth Farms is a
wholly-owned subsidiary of Sprott Resource Corp.�
About
Sprott Resource Corp.
SRC is a
Canadian based company, the primary purpose of which is to invest, directly and
indirectly, in natural resources. Through acquisitions, joint ventures and
other investments, SRC seeks to provide its shareholders with exposure to the
natural resource sector for the purposes of capital appreciation and real
wealth preservation. SRC is well positioned to draw upon the considerable
experience and expertise of both its Board of Directors and Sprott Consulting
Limited Partnership (�SCLP��), of which Sprott Inc. is the sole limited
partner. Pursuant to a management services agreement between SCLP and SRC, SCLP
provides day-to-day business management for SRC as well as other management and
administrative services. For more information, please visit www.sprottresource.com.
Forward Looking Statements
Certain statements contained herein
may constitute "forward-looking statements" or "forward-looking
information" under applicable securities laws.� Some of the forward-looking statements may be
identified by words such as "expects", "intends",
"anticipates", "should", "believes",
"plans", and similar expressions. Forward-looking statements, which
are based on management�s current expectations and assumptions, including One
Earth Farms� ability to achieve profitability through economies of scale and
efficient operations, involve a number of risks and uncertainties.� Actual results or achievements could differ
materially from those expressed in, or implied by, these forward-looking
statements. Factors that could cause actual results to differ from those
expressed in, or implied by, these forward-looking statements include, without
limitation, risks associated with commodity price fluctuations, regulatory
risks, environmental risks, operational risks and other risks associated with a
large scale farming operation.� No
assurance can be given that any events anticipated by these forward-looking
statements will occur. These forward-looking statements are made as at the date
of this news release. SRC does not undertake any obligation to publicly update
or revise any of these forward-looking statements, except as required by
applicable securities laws.
For further
information, please contact:
Kevin Bambrough
President and CEO
Tel: (416) 977-7333
Fax: (416) 977-9555