Sprott Physical Copper Trust Announces Filing of Final Prospectus for Initial Public Offering [Yahoo! Finance]
Sprott Inc. Common Shares (SII)
Company Research
Source: Yahoo! Finance
TORONTO, May 31, 2024 (GLOBE NEWSWIRE) -- Sprott Asset Management LP (“ Sprott Asset Management ”), on behalf of Sprott Physical Copper Trust (the “ Trust ”), announced that on May 31, 2024, a final prospectus for the Trust was filed and receipted by the securities regulatory authorities of all the Canadian provinces and territories, and that it has entered into an underwriting agreement for its initial public offering of 10,000,000 transferable units (the “ Units ”) of the Trust at a price of US$10.00 per Unit (the “ Offering ”). The Offering will generate gross proceeds of $100,000,000. The Trust has also received conditional approval for the listing of the Units on the Toronto Stock Exchange (“ TSX ”) under the symbols “COP.UN” and “COP.U”. Listing is subject to the Trust fulfilling all of the requirements of the TSX. It is anticipated that trading in the Units on the Toronto Stock Exchange will commence upon closing of the Offering. Closing of the offering is scheduled for June
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- Sprott's (TSE:SII) investors will be pleased with their strong 121% return over the last five years [Yahoo! Finance]Yahoo! Finance
- New Copper Fund Revives Controversial Product [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Sprott Physical Copper Trust Announces Closing of Initial Public Offering [Yahoo! Finance]Yahoo! Finance
- Sprott Inc. (NYSE: SII) was upgraded by analysts at TD Securities from a "hold" rating to a "strong-buy" rating.MarketBeat
- Sprott Physical Copper Trust Files Preliminary Prospectus for Proposed Initial Public OfferingGlobeNewswire
SII
Sec Filings
- 5/14/24 - Form 13F-HR
- 5/8/24 - Form 6-K
- 5/8/24 - Form 6-K
- SII's page on the SEC website