EX-99.(I)(1) 8 ex-i1.htm LEGAL OPINION AND CONSENT
 

Sprott Funds Trust 485BPOS

 

Exhibit (i)(1)

 

 

 

 

 

 

March 18, 2022

 

 

 

Sprott Funds Trust

200 Bay Street, Suite 2600,

Toronto, Ontario, Canada M5J2J1

 

 

Dear Board Members:

 

This letter is in response to your request for our opinion in connection with the filing of Post-Effective Amendment No. 14 to the Registration Statement, File Nos. 333-227545 and 811-23382 (the "Amendment"), of Sprott Funds Trust (the "Trust").

 

We have examined a copy of the Trust's Agreement and Declaration of Trust, the Trust's By-laws, the Trust's record of the various actions by the Trustees thereof, and all such agreements, certificates of public officials, certificates of officers and representatives of the Trust and others, and such other documents, papers, statutes and authorities as we deem necessary to form the basis of the opinion hereinafter expressed. We have assumed the genuineness of the signatures and the conformity to original documents of the copies of such documents supplied to us as copies thereof.

 

Based upon the foregoing, we are of the opinion that, after the Amendment is effective for purposes of applicable federal and state securities laws, the shares of each Fund listed on the attached Exhibit A (the “Funds”), if issued in accordance with the then current Prospectus and Statement of Additional Information of the applicable Fund, will be legally issued, fully paid and non-assessable.

 

We hereby give you our permission to file this opinion with the U.S. Securities and Exchange Commission as an exhibit to the Amendment, and consent to all references to us in the Amendment. This opinion may not be filed with any subsequent amendment, or incorporated by reference into a subsequent amendment, without our prior written consent. This opinion is prepared for the Trust and its shareholders and may not be relied upon by any other person or organization without our prior written approval.

 

Very truly yours,

 

/s/Thompson Hine LLP
Thompson Hine LLP

 

 

 

 

 
 

 

March 18, 2022

Page 2

 

EXHIBIT A

 

 

1.Sprott Gold Miners ETF

 

2.Sprott Junior Gold Miners ETF

 

3.Sprott Gold Equity Fund

 

4.Sprott Uranium Miners ETF