Sprott Keeps Buying Posted on Sedar.
1. Name and address of eligible institutional investor:
Sprott Asset Management LP
200 Bay Street, Suite 2700, P.O. Box 27
Royal Bank Plaza, South Tower
Toronto, Ontario
M5J 2J1
Global Resource Investments Ltd.
7770 El Camino Real
Carlsbad, California 92009
Sprott Asset Management USA Inc.
7770 El Camino Real
Carlsbad, California 92009
(collectively, the “Offeror”)
2. The net increase or decrease in the number or principal amount of securities, and in
the eligible institutional investor’s securityholding percentage in the class of
securities, since the last report filed by the eligible institutional investor under Part
4 or the early warning requirements:
As at April 30, 2012, there is a net increase of 4,059,100 in the holdings of common
shares (the “Common Shares”) of Phoscan Chemical Corp. (the “Issuer”). This has
resulted in a net increase of 2.8% in the Offeror’s securityholding percentage.
3. The designation and number or principal amount of securities and the eligible
institutional investor's securityholding percentage in the class of securities at the
end of the month for which the report is made:
As at April 30, 2012, the Offeror on behalf of accounts fully managed by it, together with
a joint actor, exercise control or direction over 34,418,194 Common Shares of the Issuer.
See Item 4. Based on the number of currently issued and outstanding common shares (as
reported by the Issuer), the Offeror together with joint actor exercise control or direction
over 20.4% of the issued and outstanding common shares.
4. The designation and number or principal amount of securities and the percentage of
outstanding securities referred to in item 3 over which: