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| Home : Sprott Physical Silver Trust Prices Follow-on Offering of Trust Units In An Aggregate Amount of US$74,907,000 |
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Apr 09
2016 |
Sprott Physical Silver Trust Prices Follow-on Offering of Trust Units In An Aggregate Amount of US$74,907,000 |
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TORONTO, ONTARIO--(Marketwired - April 8, 2016) - Sprott Physical Silver Trust (the "Trust") (NYSE:PSLV)(TSX:PHS.U), a trust created to invest and hold substantially all of its assets in physical silver bullion and managed by Sprott Asset Management LP, announced today that it has priced its follow-on offering of 12,300,000 transferable, redeemable units of the Trust ("Units") at a price of US$6.09 per Unit (the "Offering"). As part of the Offering, the Trust has granted the underwriters an over-allotment option to purchase up to 1,845,000 additional Units. The gross proceeds from the Offering will be US$74,907,000 (US$86,143,050 if the underwriters exercise in full the over-allotment option). |
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| Source:http://www.marketwired.com/mw/release.do?id=2113283&sourceType=3 |
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