Sprott Asset Management Inc.

Sprott Asset Management Inc.

September 09, 2008 09:57 ET

CORRECTION FROM SOURCE: Sprott Asset Management (SAM) Announces the Launch of the Sprott All Cap Fund

TORONTO, ONTARIO--(Marketwire - Sept. 9, 2008) - The following corrects and replaces the release sent at 16:53 pm ET on September 8, 2008. In paragraph 3, the AGF Canadian Small Cap Fund was a finalist in the Canadian Small/Mid Cap Equity Fund category at the 2007 Canadian Investment Awards, as opposed to the 2007 Canadian Lipper Fund Awards. The complete and corrected release follows.

Sprott Asset Management (SAM), Portfolio Advisor to Sprott Funds is pleased to announce the upcoming launch of the SPROTT ALL CAP FUND (Fund) on September 18th, 2008.

As SAM continues to expand its product offerings, it is believed that the Sprott All Cap Fund will be an excellent vehicle for investors seeking to diversify their portfolio holdings. Using a 'growth at reasonable price' (GARP) approach, the strategy of the Sprott All Cap Fund will be different than that of other Sprott Funds and will provide Canadian investors with access to investment opportunities in the small, medium and large cap space.

The Sprott All Cap Fund will be co-managed by Senior Portfolio Managers Charles Oliver, HBSc Geology, CFA and Jamie Horvat, LIFA, who joined Sprott Asset Management in January 2008. Previously at AGF Management Ltd., this award winning team managed over $4 billion in assets including the AGF Growth Equity Fund, AGF Global Resources Fund, AGF Precious Metals Fund (awarded best Precious Metals Fund in 2004, 2006 and 2007), AGF Canadian Small Cap Fund (finalist in the Canadian Small/Mid Cap Equity Fund category at the 2007 Canadian Investment Awards) and AGF Canadian Resources Fund (awarded best 10-year return in the natural resources category at the 2007 Canadian Lipper Fund Awards).

The primary objective of the Fund is to achieve long-term capital growth by investing primarily in equities and equity related securities of small, medium and large capitalized companies that have the potential to produce above average growth. The Fund will launch at $10 per unit with a minimum initial investment requirement of $5,000 and will be eligible for both registered and non-registered accounts.

A web cast presentation providing additional information regarding the Sprott All Cap Fund is available from www.sprott.com. For more information regarding the Sprott All Cap Fund, please visit www.sprott.com.

Sprott Asset Management Inc. (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 Inc. 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.

Contact Information