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CMP Gold Trust - An application has been granted for the original listing in the Industrial category of up to 25,175,000 trust units (the “Trust Units”) and up to 10,000,000 series A trust unit purchase warrants (the “Series A Warrants”) of CMP Gold Trust (the “Trust”), of which up to 10,000,000 Trust Units and up to 10,000,000 Series A Warrants will be issued and outstanding, and up to 15,175,000 Trust Units and no Series A Warrants will be reserved for issuance upon completion of an initial public offering (the “Offering”).
Listing of the Trust Units and Series A Warrants will become effective at 5:01 p.m. on Thursday, January 24, 2008 in anticipation of the Offering closing on Friday, January 25, 2008 (the “Closing Date”). The Trust Units and Series A Warrants, other than those which have not been distributed to the public, will be posted for trading at the opening on Friday, January 25, 2008.
The Trust Units and Series A Warrants will be sold to the public in the form of units (the “Units”) at a price of $10.00 per Unit. Each Unit consists of one Trust Unit and one full Series A Warrant. The Units will separate immediately upon closing of the Offering.
Each Series A Warrant entitles the holder to purchase one Trust Unit and one-half of one series B trust unit purchase warrant (each whole series B trust unit purchase warrant, a “Series B Warrant”) of the Trust at an exercise price of $12.00 at any time on or before 5:00 p.m. (Toronto time) on the date that is the third anniversary of the Closing Date. Each whole Series B Warrant entitles the holder to purchase one Trust Unit at an exercise price of $15.00 at any time on or before 5:00 p.m. (Toronto time) on the date that is the fifth anniversary of the Closing Date.
The Series B Warrants will not be posted for trading until the minimum distribution requirements of there being at least 100 public holders of 100 Series B Warrants or more and at least 100,000 publicly held Series B Warrants are met, at which time a further Toronto Stock Exchange Bulletin will be issued announcing such posting for trading of the Series B Warrants. There can be no assurance that the Series B Warrants will meet such minimum distribution requirements and, as a result, there can be no assurance that the Series B Warrants will be posted for trading.
The Series A Warrants and Series B Warrants (together, the “Warrants”) will be governed by the terms of a warrant indenture to be dated January 25, 2008 between the Trust and Computershare Trust Company of Canada as warrant agent (the “Warrant Indenture”). The Warrant Indenture provides for appropriate adjustments to the Series A Warrants and Series B Warrants in the event of stock dividends, subdivisions, consolidations and other forms of capital reorganization.
Registration of interests in, and transfers of, the Trust Units and Warrants will be made through the book-based system of CDS Clearing and Depository Services Inc. (“CDS). Trust Units and Warrants of beneficial owners must be purchased, transferred and surrendered for retraction or redemption only through a CDS Participant. All rights of a beneficial owner of Trust Units and Warrants must be exercised through, and all payments or other property to which such beneficial owner is entitled will be made or delivered by, CDS or the CDS Participant through which the beneficial owner holds such Trust Units and Warrants. Upon purchase of any Trust Units and Warrants, the owner will receive only the customary confirmation.
Additional information on the Trust Units and Warrants can be found in the final prospectus dated December 20, 2007 (the “Prospectus”), which is available on www.SEDAR.com.
Capitalized terms not otherwise defined are as defined in the final Prospectus.
Trust Units:
Stock Symbol: “CMP.UN”
CUSIP: 125886 10 1
Trading Currency: $CDN
Series A Warrants:
Stock Symbol: “CMP.WT.A”
CUSIP: 125886 11 9
Trading Currency: $CDN
Designated Market Maker: Acker Finley Inc.
Other Markets: None
Head Office Address:
Dundee Place
1 Adelaide Street East
29th Floor
Toronto, Ontario
M5C 2V9
Website: www.dynamic.ca
Head Office Telephone Number: (416) 363-5621
Fax Number: (416) 363-5850
Investor Relations: Andrew Yee
Director, Investment Communications
Tel: (416) 365-6496
Email: ayee@dynamic.ca
Trust Manager: Goodman & Company, Investment Counsel Ltd.
Chief Financial Officer of the Trust Manager: John Pereira
Corporate Secretary of the Trust Manager: Amy Satov
Incorporation: The Trust is a closed-end investment trust established under the laws of the Province of Ontario pursuant to the Declaration of Trust dated as of December 20, 2007.
Fiscal Year End: December 31
Nature of Business: The Trust’s investment objective is to provide holders of Trust Units with inflation protection, capital preservation and long-term capital appreciation through investment in a portfolio consisting of Precious Metals and the securities of Precious Metals Issuers, Minerals Issuers and Minerals Related Issuers.
Transfer Agent & Registrar: Computershare Investor Services Inc. at its principal office in Toronto for the Trust Units, and Computershare Trust Company of Canada at its principal office in Toronto for the Warrants.
Distributions: From time to time, the Trust may, at the discretion of the Manager, choose to make distributions to holders of Trust Units, and in any event, the Trust will make payable in each calendar year its income for tax purposes and capital gains to ensure that the Trust will not be liable for income tax under the Tax Act. Distributions may be paid in cash or Trust Units, or any combination thereof.
Public Offering: Pursuant to the terms of the Prospectus, the Units are being offered to the public by Dundee Securities Corporation, CIBC World Markets Inc., RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., TD Securities Inc., Canaccord Capital Corporation, GMP Securities L.P., HSBC Securities (Canada) Inc., Raymond James Ltd., Blackmont Capital Inc., Desjardins Securities Inc. and Wellington West Capital Inc., as agents, at a price of $10.00 per Unit.
