Precious Metals Bullion Trust

Precious Metals Bullion Trust

February 05, 2010 14:16 ET

Precious Metals Bullion Trust Announces Closing of Warrant Offering

TORONTO, ONTARIO--(Marketwire - Feb. 5, 2010) -


Brompton Funds Management Limited is pleased to announce the closing of the warrant offering for Precious Metals Bullion Trust (TSX:PBU.UN). Gross proceeds of the offering totaled $26.7 million, representing approximately 89% of the maximum available subscription.

The net proceeds of the Warrant offering were used to purchase approximately equal dollar amounts of physical gold, silver and platinum bullion in accordance with the investment objectives and restrictions of the Fund. All of the Fund's physical bullion is stored on an allocated, segregated basis.

For further information, please contact your financial advisor, call Brompton's investor relations line at 416-642-9051, (toll-free at 1-866-642-6001) or visit our website at

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy the Units or the Warrants nor will there be any sale of such securities in any state in which such offer, solicitation or sale would be unlawful.

Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this press release and to other matters identified in public filings relating to the Fund, to the future outlook of the Fund and anticipated events or results and may include statements regarding the future financial performance of the Fund. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information.

Contact Information

  • Brompton Funds Management Limited
    David E. Roode
    Senior Vice President
    (416) 642-6008