Sprott Asset Management Inc.

Sprott Asset Management Inc.

March 12, 2009 16:55 ET

Sprott Asset Management (SAM) Announces the Launch of the Sprott Gold Bullion Fund

TORONTO, ONTARIO--(Marketwire - March 12, 2009) - Sprott Asset Management (SAM), Investment Manager to Sprott Funds is pleased to announce the upcoming launch of the SPROTT GOLD BULLION FUND (Fund) on March 17, 2009.

The investment objective is to seek to provide a secure, convenient alternative for investors seeking to hold gold. The Fund will invest primarily in unencumbered, fully allocated gold bullion, permitted gold certificates, and/or closed-end funds the underlying interest of which is gold. The Fund may also invest a portion of its assets in cash, money market instruments and/or treasury bills.

The Fund is suitable for those investors who want exposure to the capital appreciation potential of gold and who want to maintain a high level of liquidity of their investments with a medium tolerance for risk and volatility. The Fund is expected to be eligible for registered tax plans and will be managed by the SAM Investment Team.

The Fund will launch on March 17, 2009. Please refer to the Simplified Prospectus. The trading codes for these new classes are as follows: SPR 216 (A), SPR 226 (F), SPR 236 (I).

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

  • Sprott Asset Management Inc.
    Client Services
    (416) 943-6707 or Toll Free: 1-866-299-9906
    (416) 943-6497 (FAX)
    Website: www.sprott.com