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La Fiducie des métaux précieux et des mines (TSX : MMP.UN) annonce la clôture de son placement de bons de souscription : produit brut total de 72 105 579 $ (anglais)
2010-07-27

TORONTO: Precious Metals and Mining Trust (the “Trust”) is pleased to announce that pursuant to the exercise of warrants (the “Warrants”) it has raised total gross proceeds of approximately $72.1 million, being the maximum permitted under the terms of the Trust’s warrant offering which expired on July 23, 2010 (the “Offering”). The Offering was significantly over-subscribed.

On March 16, 2010, the Trust announced that it would issue Warrants to subscribe for Trust units to its unitholders of record at the close of business (Toronto time) on March 30, 2010 (the “Record Date”).

Unitholders received one Warrant for each Trust unit held on the Record Date.

One Warrant entitled the holder to purchase one Trust unit at a price of $7.42 per unit before the expiration date of July 23, 2010 at 4:00 p.m. (Toronto time).

Warrant Offering results: The maximum number of Trust units available for issue pursuant to the Offering was 9,717,733 units. The results of the Offering were:

Warrants Issued

Warrants Exercised

Warrants Exercised pursuant to over-subscription

New Trust units Issued

Total gross proceeds

9,717,733

9,054,670

663,063

9,717,733

$72,105,579


Use of proceeds: Subject to the Trust’s investment restrictions, the net proceeds of this Offering will be invested by the Trust in securities in accordance with the investment objectives and the investment strategy of the Trust.

Precious Metals and Mining Trust: The Trust is a closed-end investment trust that aims to provide unitholders with long-term capital appreciation and monthly cash distributions. The Trust invests in an actively managed portfolio consisting primarily of equity securities of mining issuers listed on a North American stock exchange. The Trust units trade on the Toronto Stock Exchange under the symbol MMP.UN.

Distribution guidance: In a press release on June 22, 2010, Sentry Investments (“Sentry”) announced that for the next 12 months, the indicative monthly distribution amount for the Trust will remain at $0.10 per unit. However if the make-up of the Trust’s portfolio changes, distributions may differ.

Sentry Investments: Sentry Investments is a Canadian asset management company that offers a diverse range of investment products including mutual funds, hedge funds, flow-through limited partnerships, closed-end trusts and other alternative investments, covering a variety of domestic and global mandates.


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).