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Sprott launches gold bullion fund
7:15p ET Thursday, March 12, 2008
Dear Friend of GATA and Gold:
Our dear friends at Sprott Asset Management in Toronto today announced their offering of a gold bullion fund to take real metal away from the paper market manipulators. A press release about the fund is appended.
The new Sprott fund may be open only to Canadian citizens, but you can learn about acquiring Canadian citizenship at the Canadian Immigration and Citizenship service's Internet site here:
http://www.cic.gc.ca/english/citizenship/index.asp
The rules are simple: You have to be a generally decent and self-supporting person and enjoy snow 10 months of the year.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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Company Press Release
via MarketWatch.com
SPROTT ASSET MANAGEMENT
ANNOUNCES GOLD BULLION FUND
Thursday, March 12, 2009
http://www.marketwatch.com/news/story/sprott-asset-management-sam-announ...
TORONTO, Ontario -- Sprott Asset Management, investment manager to Sprott Funds is pleased to announce the upcoming launch of the Sprott Gold Bullion 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:
Sprott Asset Management Inc.
Client Services
416-943-6707 or toll-free at 1-866-299-9906
416-943-6497 (FAX)
www.sprott.com
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Join GATA here:
Bahamas Investment Conference
Thursday-Friday, March 26-27, 2009
Atlantis Resort and Casino
http://www.bahamasinvestmentconference.com/signup.html
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