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| Home : Sprott Physical Silver Trust Prices Follow-on Offering of Trust Units in an Aggregate Amount of US$269,575,000 |
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Nov 09
2012 |
Sprott Physical Silver Trust Prices Follow-on Offering of Trust Units in an Aggregate Amount of US$269,575,000 |
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TORONTO, ONTARIO--(Marketwire - Nov. 9, 2012) - Sprott Physical Silver Trust (the "Trust") (TSX:PHS.U)(NYSE:PSLV), 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 20,500,000 transferable, redeemable units of the Trust ("Units") at a price of US$13.15 per Unit (the "Offering"). As part of the Offering, the Trust has granted the underwriters an over-allotment option to purchase up to 3,075,000 additional Units. The gross proceeds from the Offering will be US$269,575,000 (US$310,011,250 if the underwriters exercise in full the over-allotment option). |
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| Source:http://www.marketwire.com/mw/release.do?id=1724060&sourceType=3 |
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