Business News • MarketWire • Sprott Physical Gold Trust Announces Follow-On Offering of 18,000,000 Trust Units |
Sprott Physical Gold Trust Announces Follow-On Offering of 18,000,000 Trust Units |
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Sprott Physical Gold Trust Announces Follow-On Offering of 18,000,000 Trust Units
TORONTO, ONTARIO--(Marketwire - May 25, 2010) - 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 plans a follow-on offering to the public (the "Offering") of 18,000,000 transferable, redeemable units of the Trust ("Units"). As part of the Offering, the Trust expects to grant the underwriters an over-allotment option to purchase up to 2,700,000 additional Units.
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