Spectrum Group International Inc. (SGI) announced that on February 26, 2014 it entered into a Purchase Agreement with Afinsa Bienes Tangibles, S.A. En Liquidacion, Auctentia, S.L. and A-Mark Precious Metals Inc. On February 26, 2014, Antonio Arenas tendered his resignation as a member of SGI's board of directors, effective upon the second closing under the Purchase Agreement, which is required to occur on or prior to July 1, 2014.