Sprott Resource Corp. (SRC) and Adriana Resources Inc. (ADI) announced that they have entered into a definitive agreement to effect a business combination of SRC and ADI pursuant to a plan of arrangement under the Canada Business Corporations Act (the Arrangement). Shareholders of ADI will be asked to approve a name change to Sprott Resource Holdings Inc. (SRH), conditional upon successful completion of the Arrangement. Peter Grosskopf, would step down from the board of directors of SRC in connection with the closing of the Arrangement.