Royal Canadian Mint Announces Closing of Follow-On Offering of Gold Exchange-Traded Receipts

Executive Summary

• The Royal Canadian Mint completed a follow‑on offering of 638,583 ETRs at C$74.42 each, generating gross proceeds of C$47.52 million.
• The newly issued ETRs are fully fungible with existing receipts and provide holders ownership of 0.0103712 fine troy ounce of gold per receipt.
• The offering was executed on a prospectus‑exempt basis by a syndicate led by TD Securities Inc. and National Bank Financial Inc.

Key Details

• Offering Size: 638,583 exchange‑traded receipts (ETRs).
• Price per ETR: C$74.42.
• Gross Proceeds: C$47,523,346.86.
• Gold Entitlement per ETR: 0.0103712 fine troy ounce of gold (identical to all existing ETRs).
• Listing: Newly issued ETRs listed on the Toronto Stock Exchange; fully fungible with other outstanding ETRs.
• Redemption Rights: Subject to restrictions, holders may redeem for physical gold (minimum 99.99% purity) or cash.
• Underwriting Syndicate: Co‑led by TD Securities Inc. and National Bank Financial Inc.; also included CIBC World Markets Inc., RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., Scotia Capital Inc., Canaccord Genuity Corp., iA Private Wealth Inc., Raymond James Ltd., ATB Capital Markets Corp., Desjardins Securities Inc., and Manulife Wealth Inc.
• Regulatory Basis: Offered on a prospectus‑exempt basis pursuant to exemptive relief orders from the Ontario Securities Commission; not registered under U.S. securities laws and cannot be offered or sold in the United States absent registration or exemption.

Notable Quotes

(No direct quotes were provided in the release.)