Sprott Announces $341 Million Follow-On Offering for Gold Trust PHYS

*Update: Size of the follow-on offering has now been released: 23 million shares for proceeds of $341 million.  Nearly identical to the size of the latest PSLV follow-on.

Sprott Asset Management has launched a follow-on offering of it’s physical gold trust PHYS.
The offering will be underwritten by Morgan Stanley and RBC Capital Markets.

Full Release below:

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