Warrants for the purchase of units of Claymore Gold Bullion Trust are due to expire at 16:00 November 30, Claymore Investments, Inc. said Tuesday.

Warrants not exercised by then will be void and of no value.

The fund units and the warrants are listed on the Toronto Stock Exchange under the symbols CGL.UN and CGL.WT, respectively.

Each Warrant entitles the holder thereof to acquire one fund unit for $10. As of close of business on November 23, the fund units were trading at $10.31 per fund unit and the warrants were trading at 29¢ per warrant. The net asset value (NAV) per fund unit at the close of business on November 23 was $11.35. ($10.68 on a fully-diluted basis). The fund will automatically convert into an exchange-traded fund if, for a period of 10 consecutive trading days, the daily weighted average trading price of the fund units is greater than a discount of 2% of NAV per fund nit anytime after November 30.

“This is a great opportunity to acquire a larger stake in the Claymore Gold Bullion Trust knowing that it is currently trading at a discount to its net asset value per Fund Unit and that, if it continues to trade at a discount, it will convert to an ETF,” said Som Seif, president of Claymore Investments, in a release.

All Warrant exercise notices should be directed to the fund’s transfer agent, Equity Transfer & Trust Company.

As at November 23, the fund has 43,561,627 fund units and 43,023,373 warrants issued and outstanding.

IE