Silver Bullion to list on TSX July 29
2009-07-27 19:35 ET - New Listing
Shares issued 20,000,000
TSX bulletin 2009-0966
An application has been granted for the original listing in the industrial category of up to 46 million redeemable, transferable trust units of Silver Bullion Trust of which up to 20 million trust units will be issued and outstanding and up to 26 million trust units will be reserved for issuance upon completion of an initial public offering. An application has also been granted for the listing of up to 23 million warrants, of which up to 20 million warrants will be issued and outstanding and up to three million warrants will be reserved for issuance.
The trust units and warrants will be sold to the public in the form of units at a price of $10 (U.S.) per unit. Each unit consists of one trust unit and one warrant. The units will separate immediately upon closing of the offering. Each warrant entitles the holder thereof to acquire one trust unit at an exercise price of $10 (U.S.) at any time before 5 p.m. (Toronto time) on the date that is nine months following the closing date of the offering.
Listing of the trust units and warrants will become effective at 5:01 p.m. on Tuesday, July 28, 2009, in anticipation of the offering closing on Wednesday, July 29, 200. The trust units and the warrants, other than those which have not been distributed to the public, will be posted for trading at the opening on July 29, 2009.
The trust units and warrants will be traded in both Canadian and U.S. funds. Accordingly, trust units and warrants traded in U.S. funds will appear under the heading U.S. funds in newspapers and the Toronto Stock Exchange daily record and monthly review.
Trust units:
Symbol: SBT.UN
Cusip No.: 827467 10 1
Trading currency: U.S. dollar
Warrants:
Symbol: SBT.WT
Cusip No.: 827467 11 9
Trading currency: U.S. dollar
Symbol: SBT.WT.U
Cusip No.: 827467 11 9
Trading currency: U.S. dollar
Temporary market maker: RBC Capital Markets
Other markets: None
Registration of interests in and transfers of the trust units will be made only through a book-entry-only system administered by CDS Clearing and Depository Services Inc. Registration of interests in, and transfers of, the warrants will be made through the book-based system of CDS. Trust units and warrants must be purchased, transferred and surrendered for redemption through a participant in CDS. All rights of unitholders must be exercised through, and all payments or other property to which such unitholder is entitled will be made or delivered by, CDS or the CDS participant through which the unitholder holds such trust units and warrants. Upon purchase of any trust units and warrants, the unitholders will receive only a confirmation from the registered dealer which is a CDS participant and from or through which the trust units and warrants are purchased.
The warrants will be governed by the terms of an amended and restated warrant indenture dated July 9, 2009, between the Trust and CIBC Mellon Trust Company as warrant agent. The warrant indenture provides for appropriate adjustments to the warrants in the event of stock dividends, subdivisions, consolidations and other forms of capital reorganization.
Additional information on the units may be found in the final prospectus dated July 9, 2009, which is available at SEDAR. Capitalized terms not otherwise defined are as defined in the prospectus.
Incorporation: The trust is a closed-end trust established by a declaration of trust dated June 8, 2009, as amended and restated on July 9, 2009, under the laws of the province of Ontario.
Fiscal year-end: Dec. 31
Nature of business: The trust has been created to buy and hold substantially all of its assets in silver bullion and minor amounts of silver certificates, if any.
Transfer agent and registrar: CIBC Mellon Trust Company at its principal office in Toronto
Distributions: The trust does not anticipate paying regular distributions to the holders of its trust units.
Initial public offering: Pursuant to the terms of the prospectus, a maximum of 23 million (including overallotment option of three million) units at a price of $10 (U.S.) per unit, are being offered to the public by CIBC World Markets Inc. as agent. |
