Sentry Select Capital Corp.

Sentry Select Capital Corp.
Sentry Select Primary Metals Corp.
TSX : PME

July 18, 2007 10:34 ET

Sentry Select Primary Metals Corp. (TSX:PME) Raises Gross Proceeds of $185 Million After Exercise of Over-Allotment for $10 Million

TORONTO, ONTARIO--(Marketwire - July 18, 2007) - Sentry Select Primary Metals Corp. (TSX:PME) (the "Corporation") is pleased to announce that the Corporation has issued an additional 1,000,000 units for gross proceeds of $10,000,000 pursuant to the exercise by the agents of their over-allotment option.

Gross proceeds

Including the over-allotment, the total gross proceeds of the Corporation's recent public offering are $185,000,000.

Trading information

The Class A Shares and the Warrants trade on the Toronto Stock Exchange ("TSX") under the symbols PME and PME.WT, respectively.

Investment objectives

The Corporation's investment objective is to provide shareholders with long-term capital appreciation by investing in an actively managed portfolio consisting primarily of securities of mining and exploration issuers. For at least the first three years, the Manager intends to focus on issuers that are engaged in the production of and/or exploration for uranium, nickel and molybdenum.

The Manager

Sentry Select Capital Corp., the Manager of the Corporation, is a Canadian wealth management company that manages over $8 billion in gross assets as of June 30, 2007. The company offers a diverse range of investment products including closed-end trusts, mutual funds, principal-protected notes and flow-through limited partnerships, covering a variety of domestic and global mandates. With 29 reporting issuers, Sentry Select Capital Corp. is the leading manager and/or advisor to entities listed on the TSX. In addition, Sentry Select Capital Corp. manages and/or provides advisory services to 4 reporting issuers listed on the TSX Venture Exchange.

Agents

The syndicate of agents was co-led by Canaccord Capital Corporation, National Bank Financial Inc. and TD Securities Inc., and included HSBC Securities (Canada) Inc., Raymond James Ltd., Blackmont Capital Inc., Dundee Securities Corporation, GMP Securities L.P., Richardson Partners Financial Ltd., Wellington West Capital Inc., Berkshire Securities Inc., Desjardins Securities Inc., Haywood Securities Inc., Jory Capital Inc., Industrial Alliance Securities Inc., MGI Securities Inc., Research Capital Corporation and Union Securities Ltd.

This news release contains forward-looking statements that involve risks and uncertainties. These statements reflect Sentry Select's and the Corporration's current expectations, but are subject to a number of risks and uncertainties. Due to the many risks and uncertainties, Sentry Select and the Corporaiton cannot assure that the forward-looking statements contained in this news release will be realized. A final prospectus dated May 25, 2007 relating to these securities has been filed with the securities regulatory authority in each of the provinces and territories of Canada. Important information concerning this offering is contained in the prospectus. Obtain a copy from your financial advisor and read the prospectus before investing.



The Exchange Tower
130 King Street West
Suite 2850, P.O. Box 104
Toronto, Ontario M5X 1A4

Contact Information

  • Sentry Select Capital Corp.
    Investor Services
    (broker/investor inquiries)
    1-888-246-6656
    (416) 364-1330 (FAX)
    or
    Sentry Select Capital Corp.
    Kinga Lam
    (media inquiries)
    1-888-246-6656
    (416) 364-1330 (FAX)
    Email: info@sentryselect.com
    Website: www.sentryselect.com