0001277006-11-000027.txt : 20110510 0001277006-11-000027.hdr.sgml : 20110510 20110510112722 ACCESSION NUMBER: 0001277006-11-000027 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20110510 DATE AS OF CHANGE: 20110510 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SILVERMEX RESOURCES INC CENTRAL INDEX KEY: 0001207685 STANDARD INDUSTRIAL CLASSIFICATION: MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400] IRS NUMBER: 000000000 STATE OF INCORPORATION: A1 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-80762 FILM NUMBER: 11826397 BUSINESS ADDRESS: STREET 1: SUITE 1210 STREET 2: 885 W. GEORGIA STREET CITY: VANCOUVER STATE: A1 ZIP: V6C 3E8 BUSINESS PHONE: 604-682-4004 MAIL ADDRESS: STREET 1: SUITE 1210 STREET 2: 885 W. GEORGIA STREET CITY: VANCOUVER STATE: A1 ZIP: V6C 3E8 FORMER COMPANY: FORMER CONFORMED NAME: GENCO RESOURCES LTD DATE OF NAME CHANGE: 20021126 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 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 1 silvermex13gapr11.txt SCHEDULE 13G Under the Securities Exchange Act of 1934 Silvermex Resources Inc. (Name of Issuer) Common Shares (Title of Class of Securities) 828426106 (CUSIP Number) April 30, 2011 (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. 828426106 ........................................ 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 21,555,723 _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 11,991,671 _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 21,555,723 _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 11,991,671 ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 33,547,394 ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 13.7% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON* IA ________________________________________________________________________________ CUSIP No. 828426106 ........................................ 1. NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Sprott Canadian Equity 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 11,991,671 _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 0 _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 11,991,671 ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,991,671 ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.1% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON* OO ________________________________________________________________________________ Item 1. (a) Name of Issuer: Silvermex Resources Inc. (b) Address of Issuer's Principal Executive Offices: Suite 1210 - 885 West Georgia St, Vancouver,BC Canada V6C 3E8 Item 2. (a) Name of Person Filing: Sprott Asset Management LP Sprott Canadian Equity Fund (b) Address of Principal Business Office: Sprott Asset Management LP: Suite 2700, South Tower, Royal Bank Plaza, Toronto, ON M5J 2J1 Sprott Canadian Equity Fund: Suite 2700, South Tower, Royal Bank Plaza, Toronto, ON M5J 2J1 (c) Citizenship: Sprott Asset Management LP: Canada Sprott Canadian Equity Fund: Canada (d) Title of Class of Securities: Common Shares (e) CUSIP Number: 828426106 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: 33,547,394 Sprott Canadian Equity Fund: 11,991,671 (b) Percent of Class: Sprott Asset Management LP: 13.7% Sprott Canadian Equity Fund: 5.1% (c) Number of shares as to which Sprott Asset Management LP has: (i) Sole power to vote or to direct the vote: 21,555,723 (ii) Shared power to vote or to direct the vote: 11,991,671 (iii) Sole power to dispose or to direct the disposition of: 21,555,723 (iv) Shared power to dispose or to direct the disposition of: 11,991,671 Number of shares as to which Sprott Canadian Equity Fund has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 11,991,671 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 11,991,671 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: These shares are held in accounts managed by Sprott Asset Management LP, none of which, with the exception of the Sprott Canadian Equity Fund, beneficially own more than five percent of the class. 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. May 10, 2011 ------------------ Date SPROTT ASSET MANAGEMENT LP, by its General Partner, SPROTT ASSET MANAGEMENT GP INC. By: _____________________________ Name: /s/ Kirstin McTaggart Title: Chief Compliance Officer Sprott Canadian Equity Fund, by its Investment Manager, SPROTT ASSET MANAGEMENT LP By: _____________________________ Name: /s/ Kirstin McTaggart Title: Chief Compliance Officer