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Central Fund of Canada Limited Underwriter Fully Exercises Option; Equity Offering Increases to Approximately U.S. $75 Million.

Publication: Business Wire
Publication Date: 10-DEC-03
Format: Online - approximately 508 words
Delivery: Immediate Online Access

Article Excerpt
Business Editors

ANCASTER, Ontario--(BUSINESS WIRE)--Dec. 10, 2003

Central Fund of Canada Limited is pleased to announce that CIBC World Markets Inc. has fully exercised its option to purchase an additional 3 million Class A shares, for additional gross proceeds of U.S.$14,940,000 to Central Fund. CIBC World Markets Inc. yesterday agreed to underwrite 12,050,000 Class A shares for gross proceeds of U.S. $60,009,000.

The underwritten price of U.S. $4.98 per Class A share was non-dilutive and...

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