| Claymore Silver Bullion Warrants |
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| Claymore Silver Bullion |
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Name - Claymore Silver Bullion
Address: 200 Univeristy Ave
Toronto ON M5H 3C6
Phone: 866 417 4640
Fax: 416 813 2020
Website:
http://www.claymoreinvestments.ca
Warrant Symbol -
SVR.WT
Number Trading - 46 million
Expiration Date -
January 15, 2010
Cusip - 18387H 11 5
Exercise Price -
$10.00
Warrants called to trade news:
Claymore Silver Bullion to
list on TSX on July 14
2009-07-13 16:02 MT - New Listing
TSX bulletin 2009-0908
An application has been granted for the original listing in the industrial
category of up to 46 million redeemable, transferable trust units of
Claymore Silver Bullion Trust of which up to 20 million fund units will be
issued and outstanding and up to 26 million fund 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 fund units and warrants will be sold to the public in the form of units
at a price of $10 per fund unit. Each unit consists of one fund unit and one
warrant. The units will separate immediately upon closing of the offering.
Each warrant entitles the holder thereof to acquire one fund unit at an
exercise price of $10 at any time before 4 p.m. (Toronto time) on the date
that is six months following the closing date of the offering.
Listing of the fund units and warrants will become effective at 5:01 p.m. on
Tuesday, July 14, 2009, in anticipation of the offering closing on
Wednesday, July 15, 2009. The fund 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 15, 2009.
Registration of interests in, and transfers of, the fund units and warrants
will be made only through the book-entry only system of CDS. On the date of
closing, the fund will deliver to CDS certificates evidencing the total fund
units and warrants subscribed for under the offering. The fund units and
warrants must be purchased, transferred and surrendered for retraction only
through a CDS participant. All rights of an owner of fund units and warrants
must be exercised through, and all payments or other property to which such
owner is entitled will be made or delivered by, CDS or the CDS participant
through which the owner holds such fund units and warrants. Upon purchase of
any fund units and warrants, the owner will receive only the customary
confirmation.
The warrants will be governed by the terms of a warrant indenture to be
dated the closing date of the offering, anticipated to be July 15, 2009,
between the fund and Equity Transfer & 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 June 29, 2009, which is available at SEDAR.
Fund units:
Stock symbol: SVR.UN
Cusip: 18387H 16 4
Trading currency: Canadian
Warrants:
Stock symbol: SVR.WT
Cusip: 18387H 11 5
Trading currency: Canadian
Temporary market maker: GMP Securities LP
Other markets: None
Incorporation: The fund is a closed-end investment trust established under
the laws of the Province of Ontario pursuant to a declaration of trust dated
June 29, 2009.
Fiscal year-end: Dec. 15
Nature of business: The fund has been created to provide holders of units
with an exposure to physical silver bullion with a currency hedge against
the U.S. dollar. The manager believes that the fund will provide a secure,
low-cost and convenient alternative to investors interested in holding
silver bullion. Given that silver bullion is priced in U.S. dollars, the
fund will hedge substantially all of the fund's U.S. dollar currency value
back to the Canadian dollar.
Transfer agent and registrar: Equity Transfer & Trust Company at its
principal offices in Toronto.
Distributions: The fund does not anticipate making regular distributions on
its fund units.
Automatic conversion to an exchange traded fund: Commencing after Jan. 15,
2010, if for a period of 10 consecutive trading days, the daily weighted
average trading price (or, in the event there has been no trading on a
particular day, the average of closing bid and ask prices) of the fund units
is greater than a discount of 2 per cent of NAV per fund unit for that day,
there will be an automatic conversion of the fund to an ETF. The manager
will issue a news release announcing the conversion on the effective date of
the conversion.
Initial public offering: Pursuant to the terms of the prospectus, a maximum
of 20 million units at a price of $10 per unit, are being offered to the
public by GMP Securities LP, TD Securities Inc., Canaccord Capital Corp.,
BMO Nesbitt Burns Inc., Scotia Capital Inc., Dundee Securities Corp.,
National Bank Financial Inc., Blackmont Capital Inc., Haywood Securities
Inc., Raymond James Ltd., Research Capital Corp., Wellington West Capital
Inc., Desjardins Securities Inc., Genuity Capital Markets, HSBC Securities
(Canada) Inc., Richardson Partners Financial Ltd. and Rothenberg Capital
Management Inc., as agents.