-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QglAW7S52rgxtiCOElkRsXdjiZG+Q+estLx9y4Ge3Fjkqu0aQM+A0LpSlZGO6e8Q C2eg7yq/0NiWPAmb0Bn4mg== 0001277006-10-000020.txt : 20100126 0001277006-10-000020.hdr.sgml : 20100126 20100126152955 ACCESSION NUMBER: 0001277006-10-000020 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100126 DATE AS OF CHANGE: 20100126 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SOLITARIO EXPLORATION & ROYALTY CORP. CENTRAL INDEX KEY: 0000917225 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 841285791 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-59273 FILM NUMBER: 10547644 BUSINESS ADDRESS: STREET 1: 4251 KIPLING STREET STREET 2: SUITE 390 CITY: WHEAT RIDGE STATE: CO ZIP: 80033 BUSINESS PHONE: 3035341030 MAIL ADDRESS: STREET 1: 4251 KIPLING STREET STREET 2: SUITE 390 CITY: WHEAT RIDGE STATE: CO ZIP: 80033 FORMER COMPANY: FORMER CONFORMED NAME: SOLITARIO RESOURCES CORP DATE OF NAME CHANGE: 20000711 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SPROTT ASSET MANAGEMENT LP CENTRAL INDEX KEY: 0001277006 IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 200 BAY STREET STREET 2: STE 2700 P O BOX 27 CITY: TORONTO STATE: A6 ZIP: M5J 2J1 BUSINESS PHONE: 4169434072 MAIL ADDRESS: STREET 1: 200 BAY STREET STREET 2: STE 2700 P O BOX 27 CITY: TORONTO STATE: A6 ZIP: M5J 2J1 FORMER COMPANY: FORMER CONFORMED NAME: SPROTT ASSET MANAGEMENT INC DATE OF NAME CHANGE: 20040121 SC 13G/A 1 solitario13gadec09.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G/A Under the Securities Exchange Act of 1934 (Amendment No. 4) Solitario Exploration & Royalty Corp. (Name of Issuer) Common Shares (Title of Class of Securities) 8342EP107 (CUSIP Number) December 31, 2009 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ]Rule 13d-1(b) [ X ]Rule 13d-1(c) [ ]Rule 13d-1(d) CUSIP No. 8342EP107 ........................................ 1. NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Sprott Asset Management LP ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION Ontario, Canada ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES 251,900 _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 4,184,840 _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 251,900 _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 4,184,840 ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,436,740 ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 14.9% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON* IA ________________________________________________________________________________ CUSIP No. 8342EP107 ........................................ 1. NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Sprott Gold and Precious Minerals Fund ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION Ontario, Canada ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES 0 _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 1,500,000 _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 0 _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 1,500,000 ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,500,000 ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.0% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON* OO ________________________________________________________________________________ Item 1. (a) Name of Issuer: Solitario Exploration & Royalty Corp. (b) Address of Issuer's Principal Executive Offices: 4251 Kipling Street, Suite 390, Wheat Ridge, CO 80033 Item 2. (a) Name of Person Filing: Sprott Asset Management LP Sprott Gold and Precious Minerals Fund (b) Address of Principal Business Office: Sprott Asset Management LP: Suite 2700, South Tower, Royal Bank Plaza, Toronto, ON M5J 2J1 Sprott Gold and Precious Minerals Fund: Suite 2700, South Tower, Royal Bank Plaza, Toronto, ON M5J 2J1 (c) Citizenship: Sprott Asset Management LP: Canada Sprott Gold and Precious Minerals Fund: Canada (d) Title of Class of Securities: Common Shares (e) CUSIP Number: 8342EP107 Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a: (a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [ ] An investment adviser in accordance with ss. 240.13d-1(b)(ii)(E). (f) [ ] An employee benefit plan or endowment fund in accordance with ss. 240.13d-1(b)(1)(ii)(F). (g) [ ] A parent holding company or control person in accordance with ss. 240.13d-1(b)(1)(ii)(G). (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813). (i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3). (j) [ ] Group, in accordance with ss. 240.13d-1(b)(1)(ii)(J). Item 4. Ownership (a) Amount Beneficially Owned: Sprott Asset Management LP: 4,436,740 Sprott Gold and Precious Minerals Fund: 1,500,000 (b) Percent of Class: Sprott Asset Management LP: 14.9% Sprott Gold and Precious Minerals Fund: 5.0% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: Sprott Asset Management LP: 251,900 Sprott Gold and Precious Minerals Fund: 0 (ii) Shared power to vote or to direct the vote: Sprott Asset Management LP: 4,184,840 Sprott Gold and Precious Minerals Fund: 1,500,000 (iii) Sole power to dispose or to direct the disposition of: Sprott Asset Management LP: 251,900 Sprott Gold and Precious Minerals Fund: 0 (iv) Shared power to dispose or to direct the disposition of: Sprott Asset Management LP: 4,184,840 Sprott Gold and Precious Minerals Fund: 1,500,000 Item 5. Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following. [ ] Item 6. Ownership of More than Five Percent on Behalf of Another Person: N/A Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company: N/A Item 8. Identification and Classification of Members of the Group: N/A Item 9. Notice of Dissolution of Group: N/A Item 10. Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. January 26, 2010 ------------------ Date SPROTT ASSET MANAGEMENT LP, by its General Partner, SPROTT ASSET MANAGEMENT GP INC. By: _____________________________ Name: /s/ Steven Rostowsky Title: Chief Financial Officer Sprott Gold and Precious Minerals Fund, by its Investment Manager, SPROTT ASSET MANAGEMENT LP By: _____________________________ Name: /s/ Steven Rostowsky Title: Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----