..Rookie, reading between the lines here, Sprott well find out in Febuary from the Feds if he gets his banking permission to set up in Canada. This commodities bank would be back by silver and gold which Eric ownes 51 %. Silver Funds are seeing new restrictions on there lending ratios which well drive silver prices higher..)
Sprott makes a bet on a different kind of bank (The Globe and Mail- Oct 17, 2011)...................PS; Rookie, Sprott owns 15 % of :
Rimouski, December 16, 2010 – Puma Exploration (PUM-TSX), is pleased to announce the closing of a private
placement in the amount of $1,000,000 with Sprott Asset Management LP for and on behalf of certain funds. With
this placement, Puma has issued 5,000,000 ordinary shares valued at $0.20 per share and 5,000,000 warrants. Each
warrant entitles the holder to subscribe for one ordinary share at a price of $0.30 per share until December 16, 2012..........without prejudice Traps7
Puma Exploration Welcomes Sprott Asset Management as a Shareholder
