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| Home : Sprott Physical Gold Trust Announces Follow-on Offering of Trust Units In An Aggregate Amount of Up to $340 Million |
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Apr 04
2011 |
Sprott Physical Gold Trust Announces Follow-on Offering of Trust Units In An Aggregate Amount of Up to $340 Million |
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TORONTO, ONTARIO--(Marketwire - April 4, 2011) - Sprott Physical Gold Trust (the "Trust") (TSX:PHY.U)(NYSE:PHYS), a trust created to invest and hold substantially all of its assets in physical gold bullion and managed by Sprott Asset Management LP, announced today that it has launched a follow-on offering of transferable, redeemable units of the Trust ("Units") in an aggregate amount of up to $340 million at a price of $12.54 per unit (the "Offering"). Certain lead investors, including certain funds managed by Sprott Asset Management LP, have agreed to purchase no less than $115 million of Units in this Offering. |
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| Source:http://www.marketwire.com/mw/release.do?id=1422374&sourceType=3 |
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