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Sentry Select Primary Metals Corp. (TSX: PME) closes offering; raises $175 million
2007-06-14
TORONTO: Sentry Select Primary Metals Corp. (the “Corporation”) is pleased to announce that it has closed its initial public offering. Gross proceeds: At the closing, the Corporation issued 17,500,000 Units for total gross proceeds of $175,000,000. The agents have been granted an over-allotment option to purchase up to 2,625,000 Units at any time during the next 30 days. The Units: Each Unit is made up of one class A share (“Class A Share”) and one full Class A Share purchase warrant (“Warrant”). Each Warrant will entitle the holder to purchase one Class A Share at a subscription price of $12.00 at any time on or before 4:00 pm (Toronto time) on June 30, 2009. Trading information: The Class A Shares and the Warrants trade on the Toronto Stock Exchange under the symbols PME and PME.WT, respectively. Investment objectives: The Corporation’s investment objective is to provide shareholders with long-term capital appreciation by investing in an actively managed portfolio consisting primarily of securities of mining and exploration issuers. For at least the first three years, the manager intends to focus on issuers that are engaged in the production of and/or exploration for uranium, nickel and molybdenum. The Manager: Sentry Select Capital Corp., the Manager of the Corporation, is a Canadian wealth management company that manages over $8 billion in gross assets as of April 30, 2007. The company offers a diverse range of investment products including closed-end trusts, mutual funds, principal-protected notes and flow-through limited partnerships, covering a variety of domestic and global mandates. Sentry Select provides management and advisory services to 32 exchange-listed entities. Agents: The syndicate of agents was co-led by Canaccord Capital Corporation, National Bank Financial Inc. and TD Securities Inc., and included HSBC Securities (Canada) Inc., Raymond James Ltd., Blackmont Capital Inc., Dundee Securities Corporation, GMP Securities L.P., Richardson Partners Financial Ltd., Wellington West Capital Inc., Berkshire Securities Inc., Desjardins Securities Inc., Haywood Securities Inc., Jory Capital Inc., Industrial Alliance Securities Inc., MGI Securities Inc., Research Capital Corporation and Union Securities Ltd. More information: Investor Services (broker/investor inquiries) or Kinga Lam (media inquiries) Tel: 1-888-246-6656 Fax: 416-364-1330 info@sentryselect.com www.sentryselect.com This news release contains forward-looking statements that involve risks and uncertainties. These statements reflect Sentry Select’s current expectations, but are subject to a number of risks and uncertainties. Due to the many risks and uncertainties, Sentry Select cannot assure that the forward-looking statements contained in this news release will be realized. A final prospectus dated May 25, 2007 relating to these securities has been filed with the securities regulatory authority in each of the provinces and territories of Canada. Important information concerning this offering is contained in the prospectus. Obtain a copy from your financial advisor and read the prospectus before investing.

Les documents (y compris les communiqués de presse) se rapportant aux divers fonds d'investissement pour lesquels Sentry agit à titre de gestionnaire ou de conseiller ne sont fournis qu'à titre informatif. Ces documents ne peuvent être considérés comme étant exhaustifs ou exempts d'erreur sans un examen approfondi de la totalité des documents se rapportant à un fonds d'investissement en particulier disponibles sur SEDAR (www.sedar.com).