Sprott To Close Metal Fund

``The Sprott Molybdenum Participation Corp., a C$50 million (US$41.8 million) closed-end fund, will close, it said last week, as the price of the metal has collapsed and faces an “unfavorable outlook.” Toronto-based Sprott said the fund’s remaining assets will be returned to investors, although it did not specify when, promising a timetable at a later date.''