Gold-Trust of Ontario Was Launched Research Paper

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Additional capital generated by the deal was used to decrease the annual expense ratio.

In 2010, the company announced that it was primarily selling to the investors in Canada and in the United States under the Multijurisdictional Disclosure System through its underwriter CIBC. The issue price this time is U.S. $48.90 per Unit and it is non-dilutive and accretive for the existing share holders of Central GoldTrust. Just like 2008 when the proceeds were used for the purchase of gold bullion, in 2010, the same plan was maintained and the company used its net proceed for investment in gold bullion.

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Similarly the additional capital will be used to reduce the annual expense ratio. With this sale, the new total of units issued and outstanding has come to 16,648,000.

Central Gold-trust now has investment holdings of approximately 604,676 fine ounces of gold bullion, 6,156 ounces in gold certificates and nearly U.S. $16,980,360 in cash and short-term notes.

http://www.gold-trust.com/Press%20Releases/2010%20Press%20Releases/CGT%20Press%20Release%20-%20Closing%20-%20june%2023%202010.pdf.....

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