TORONTO: Precious Metals and Mining Trust (TSX:MMP.UN) (the "Trust") is pleased to announce that the Trust's treasury offering (the "Offering") has issued an additional 1,064,333 Trust units for gross proceeds of $11,250,000 pursuant to the exercise by the agents of their over-allotment option. Including the over-allotment, the total gross proceeds of the Offering is $86,250,000 before deducting the payment of agents' fees and expenses of the Offering by the Trust.
Use of proceeds: Subject to the Trust's investment restrictions, the net proceeds of the 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, with a current emphasis in the gold sector, listed on a North American stock exchange. The Trust trades on the Toronto Stock Exchange under the symbol MMP.UN.
Agents: The syndicate of agents, co-led by RBC Capital Markets and CIBC, includes BMO Capital Markets, Canaccord Genuity Corp., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Dundee Securities Corporation, GMP Securities L.P., HSBC Securities (Canada) Inc., Raymond James Ltd., Desjardins Securities Inc., Industrial Alliance Securities Inc., Mackie Research Capital Corporation, Macquarie Private Wealth Inc., Manulife Securities Incorporated and Wellington West Capital Markets Inc. (the "Agents").
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).