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Mix-Ansicht- Morgen-Stund hat Gold im: - Emerald, 10.07.2003, 06:29
Morgen-Stund hat Gold im:
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Es gibt wieder ein neues Vehikel:
PRESS RELEASE
For Immediate Release
Central Gold-Trust Closes Initial Public Offering of
North America's First Gold Bullion Trust Units.
Ancaster, Ontario, Canada
Thursday, July 9, 2003
Central Gold-Trust is pleased to announce the closing of its initial public offering. Two million
Units were sold at C$20.00 per Unit, for aggregate gross proceeds of C$40,000,000.
Central Gold-Trust is a self-governing limited purpose trust established under the laws of
Ontario on April 28, 2003. It was created to invest substantially all of its assets in unencumbered
physical gold bullion, in 400-ounce international bars, with the primary investment objective of
achieving long-term appreciation in the value of its refined gold bullion holdings.
The purpose of Gold-Trust is to provide a secure, convenient, low-cost, exchange tradable
investment alternative for investors interested in gold bullion physically stored in allocated and
segregated safekeeping in Canadian chartered bank treasury vaults.
Units of Gold-Trust are eligible as Canadian property for RRSPs, DPSPs, RRIFs and RESPs.
Central Gold-Trust anticipates that the Units will be considered as capital property for most
investors and thereby qualify for capital gains tax treatment. The Units are listed on the TSX
under the symbol"GTU.UN".
Sprott Asset Management Inc. and Central Gold Managers Inc., both of which have significant
experience in managing gold bullion investments, will act as Advisor and Administrator,
respectively.
A syndicate of Agents was co-led by CIBC World Markets Inc. and RBC Capital Markets and
included National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Pollitt & Co. Inc.,
Canaccord Capital Corporation, Desjardins Securities Inc., Dundee Securities Corporation, First
Associates Investments Inc., Haywood Securities Inc., HSBC Securities (Canada) Inc.,
Raymond James Ltd. and Sprott Securities Inc.
Gold-Trust has granted to the Agents an option, exercisable in whole or in part until 14 days
following the closing date, to purchase an additional 300,000 Units of the offering at the offering
price. If the over-allotment option is exercised in full, the total gross proceeds of the offering will
be approximately C$46,000,000. The net proceeds from the over-allotment option will be
invested according to Gold-Trust's investment policy.
The securities offered were not registered under the U.S. Securities Act of 1933, as amended,
and were not offered or sold in the United States absent registration or applicable exemption
from the registration requirements. The Units may now be purchased by United States
investors on the Toronto Stock Exchange.
Information regarding Central Gold-Trust is expected to be available on its website this
afternoon at www.gold-trust.com.
For further information, please contact J.C. Stefan Spicer
at 905-304-4653(GOLD) or write to info@gold-trust.com.
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