Sprott Physical Silver Trust Now Fully Invested
08 Novembre 2010 - 1:00PM
PR Newswire (Canada)
TORONTO, Nov. 8 /CNW/ -- TORONTO, Nov. 8 /CNW/ - Sprott Inc. (TSX:
SII) ("Sprott") today announced that Sprott Physical Silver Trust
(the "Trust"), a trust created to invest and hold substantially all
its assets in physical silver bullion and managed by Sprott Asset
Management LP, a wholly-owned subsidiary of Sprott, has invested
substantially all of the proceeds of its recent Initial Public
Offering in silver bullion. The Trust has purchased
21,942,926 ounces of silver at an average cost of $24.24 per ounce.
The Units are listed on the NYSE Arca and the Toronto Stock
Exchange under the symbols 'PSLV' and 'PHS.U', respectively.
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.sprottphysicalsilvertrust.com. About
Sprott Asset Management 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. %SEDAR: 00026778E
%CIK: 0001494728 pbInvestor contact information:/b/p p
align="justify"Telephone: (416) 203-2310br/ Toll Free: 1 (877)
403-2310br/ Email: a href="mailto:ir@sprott.com"ir@sprott.com/a/p
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