| Home : July 2012 : July 12, 2012 News : Sprott Physical Silver Trust Prices Follow-on Offering of Trust Units In an Aggregate Amount of US$200,005,000 |
Sprott Physical Silver Trust Prices Follow-on Offering of Trust Units In an Aggregate Amount of US$200,005,000 |
July 12, 2012
TORONTO, ONTARIO--(Marketwire - July 12, 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 18,100,000 transferable, redeemable units of the Trust ("Units") at a price of US$11.05 per Unit (the "Offering"). As part of the Offering, the Trust has granted the underwriters an over-allotment option to purchase up to 2,715,000 additional Units. The gross proceeds from the Offering will be US$200,005,000 (US$230,005,750 if the underwriters exercise in full the over-allotment option).
http://www.marketwire.com/mw/release.do?id=1679397&sourceType=3
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