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

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

Benzinga
September 3, 2025

INFORMATION STATEMENT WILL BE ACCESSIBLE THROUGH SEDAR+

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

OTTAWA, Ontario, Sept. 03, 2025 (GLOBE NEWSWIRE) -- (TSX:MNT) The Royal Canadian Mint (the "Mint") announced today that it has priced its previously-announced underwritten follow-on offering of exchange-traded receipts ("ETRs") under the Mint's Canadian Gold Reserves program at a price of C$53.18 per ETR (the "Offering"). The underwriters for the Offering have agreed to purchase 833,200 ETRs for gross proceeds of C$44,309,576. The Mint's outstanding ETRs are listed on the Toronto Stock Exchange in Canadian and U.S. dollars under the symbols "MNT" and "MNT.U", respectively.

Each ETR provides its holder with direct legal and beneficial ownership in physical gold bullion held in the custody of the Mint at its facilities in Ottawa, Ontario. The ETRs to be issued under the Offering will be identical to and fully fungible with the ETRs currently outstanding. The net proceeds of the Offering will be used to purchase gold bullion on behalf of the purchasers of the ETRs.

Subject to certain restrictions, ETR holders are entitled to redeem their ETRs for physical gold bullion with a minimum purity of 99.99% or for cash.

The closing of the Offering is expected to take place on or about September 5, 2025 and will be subject to customary conditions, including approval of the Toronto Stock Exchange.

The Offering is being made by a syndicate of underwriters co-led by TD Securities Inc. and National Bank Financial Inc. and includes CIBC Capital Markets, RBC Capital Markets, BMO Capital Markets, Canaccord Genuity Corp., Scotiabank, Raymond James Ltd., Cormark Securities Inc., Desjardins Capital Markets, iA Private Wealth Inc. and Manulife Securities Inc.. The Offering is being made on a prospectus-exempt basis pursuant to the terms of exemptive relief orders issued in favour of the Mint by the Ontario Securities Commission.

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