TORONTO, Jan. 13 /CNW/ - Sprott Asset Management LP ("Sprott") is
pleased to provide investors with an update on the status of the silver
bullion purchased by the Sprott Physical Silver Trust (NYSE ARCA: PSLV,
TSX: PHS.U) ("Trust").
The Trust successfully received physical delivery of its remaining
silver bars on January 12, 2010, thus completing the delivery of the
Trust's silver purchased in November 2010. The Trust's silver holdings
now total 22,298,540 silver ounces in bullion bar form. Sprott plans to
publish a list of all bars held by the Trust in the coming week on its
Additional detail on the Trust can be found in the final prospectus
available on EDGAR (www.edgar.com) and SEDAR (www.sedar.com) or on the Trust's website at www.sprottphysicalsilver.com.
About Sprott Asset Management LP
Sprott Asset Management LP (www.sprott.com), a wholly owned subsidiary of Sprott Inc. (www.sprottinc.com) is a fund company dedicated to achieving superior returns for its
investors over time. SAM manages assets primarily for institutions,
endowments and high net worth individuals. Sprott Asset Management LP
is the investment manager of the Sprott Funds. Commissions, trailing
commissions, management fees and expenses all may be associated with
mutual fund investments. Please read the prospectus before investing.
Mutual Funds are not guaranteed, their values change frequently and
past performance may not be repeated. The information contained herein
does not constitute an offer or solicitation by anyone in the United
States or in any other jurisdiction in which such an offer or
solicitation is not authorized or to any person to whom it is unlawful
to make such an offer or solicitation. Prospective investors should
consult their financial advisor to determine if these Funds may be sold
in their jurisdiction.
SOURCE Sprott Asset Management LP
For further information:
Investor contact information:
Telephone: (416) 203-2310
Toll Free: 1 (877) 403-2310