Sprott Inc. – ‘SC 13G/A’ on 2/1/12 re: Veris Gold Corp.

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Amendment to Statement of Beneficial Ownership   —   Schedule 13G
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13G/A    Amendment to Statement of Beneficial Ownership         6±    21K 

Document Table of Contents

UNITED STATES                                                                   
SECURITIES AND EXCHANGE COMMISSION                                              
WASHINGTON, D.C. 20549                                                          

SCHEDULE 13G/A                                                                  

Under the Securities Exchange Act of 1934                                       
(Amendment No. 4)                                                               

Yukon-Nevada Gold Corp.                                                         
(Name of Issuer)                                                                

Common Shares                                                                   
(Title of Class of Securities)                                                  

98849Q101                                                                       
(CUSIP Number)                                                                  

December 31, 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. 98849Q101                                                             
........................................                                        

1.   NAME OF REPORTING PERSON                                                   
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)            

Sprott Inc.                                                       
________________________________________________________________________________
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             67,234,726                                             
               _________________________________________________________________
BENEFICIALLY   6.   SHARED VOTING POWER                                         

OWNED BY            53,903,208                                              
               _________________________________________________________________
EACH       7.   SOLE DISPOSITIVE POWER                                  

REPORTING           67,234,726                                              
               _________________________________________________________________
PERSON      8.   SHARED DISPOSITIVE POWER                                 

WITH              53,903,208                                            
________________________________________________________________________________
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON               

121,137,934                                                         
________________________________________________________________________________
10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*      

                                                                       [_]
________________________________________________________________________________
11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9                            

13.0%                                                               
________________________________________________________________________________
12.  TYPE OF REPORTING PERSON*                                                  

CO                                                                  
________________________________________________________________________________

CUSIP No. 98849Q101                                                             
........................................                                        

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           53,903,208                                               
               _________________________________________________________________
EACH       7.   SOLE DISPOSITIVE POWER                                  

REPORTING           0                                                       
               _________________________________________________________________
PERSON      8.   SHARED DISPOSITIVE POWER                                 

WITH             53,903,208                                             

________________________________________________________________________________
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON               

53,903,208                                                        
________________________________________________________________________________
10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*      

                                                                       [_]
________________________________________________________________________________
11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9                            

5.8%                                                              
________________________________________________________________________________
12.  TYPE OF REPORTING PERSON*                                                  

OO                                                                
________________________________________________________________________________

Item 1.                                                                         

(a)   Name of Issuer: Yukon-Nevada Gold Corp.                       

(b)   Address of Issuer's Principal Executive Offices:              
   490-688 West Hastings Street, Vancouver, BC V6B 1P1

Item 2.                                                                         

(a)   Name of Person Filing:                                        
Sprott Inc.                                     
Sprott Canadian Equity Fund                     

(b)   Address of Principal Business Office:                         
Sprott Inc.                                     
              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 Inc.: Canada                             
Sprott Canadian Equity Fund: Canada             

(d)   Title of Class of Securities: Common Shares                   

(e)   CUSIP Number: 98849Q101                                       

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 Inc: 121,137,934                         
Sprott Canadian Equity Fund: 53,903,208         

(b) Percent of Class:                                               
Sprott Inc: 13.0%                               
Sprott Canadian Equity Fund: 5.8%               

(c) Number of shares as to which Sprott Inc. has:                   

(i)Sole power to vote or to direct the vote: 67,234,726         

(ii)Shared power to vote or to direct the vote: 53,903,208      

      (iii)Sole power to dispose or to direct the disposition of: 67,234,726

       (iv)Shared power to dispose or to direct the disposition of: 53,903,208

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: 53,903,208      

(iii)Sole power to dispose or to direct the disposition of: 0   

       (iv)Shared power to dispose or to direct the disposition of: 53,903,208

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 subsidiary of Sprott Inc.,
 none of which, with the exception of 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.                                                                        

  January 31, 2012
     _____________________
    Date

SPROTT Inc.     

        By: /s/Kirstin McTaggart
             _____________________
 Kirstin McTaggart
 Authorized Person

           Sprott Canadian Equity Fund
          by its Investment Manager,
          SPROTT ASSET MANAGEMENT LP

        By: /s/Kirstin McTaggart
             _____________________
 Kirstin McTaggart
        Chief Compliance Officer

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘SC 13G/A’ Filing		Date		Other Filings
Filed on:		2/1/12		6-K,  SC 13G/A
		1/31/12		6-K,  SC 13G/A
		12/31/11		13F-HR,  40-F
				List all Filings