Thursday, February 23, 2012

PSLV Successfully Finishes Sourcing of Silver for Recent Follow-On Offering

As alluded to by Eric Sprott in his recent MUST LISTEN interview with The Doc, Sprott Asset Management confirmed via official press release Wednesday that the PSLV has completed and taken physical silver delivery of the entire $350 million follow-on offering completed January 23rd. 
Total physical silver holdings of the PSLV now total 32.88 million ounces, nearly equal to the entire remaining registered inventory of the COMEX at 34.9 million ounces!

TORONTO, Feb. 22, 2012 /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") through the follow-on offering of Trust Units that was completed on January 23, 2012.
The Trust has now successfully received physical delivery of the silver bars purchased through the follow-on offering. The Trust's silver holdings now total approximately 32,878,296 silver ounces in bullion bar form. The silver bars are currently being processed into inventory by the custodian of the Trust. Once the inventory process has been completed, a list of all bars held by the Trust will be published on its website:
Read more: