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    SBT   CA74641C1032

PURPOSE SILVER BULLION FUND

(SBT)
End-of-day quote Toronto Stock Exchange  -  2021-02-16
14.97 CAD   -0.93%
2015Silver Bullion Trust Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015
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2015Sprott Forms Soliciting Dealer Groups For GTU, SBT Bids
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2015Silver Bullion Trust Announces Change in Lead Trustee and Chair of the Corporate Governance and Nominating Committee
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Sprott Asset Management Plans $800 Million Unsolicited Bid For Canadian Metals Trusts

04/23/2015 | 12:00am EST

Sprott Asset Management, LP plans to make an unsolicited offer to buy Central GoldTrust (TSX:GTU.UN) and Silver Bullion Trust (TSX:SBT.UN) for almost $900 million, saying the precious metals companies are undervalued. The share swap by Sprott represents an 8.3% premium to the trusts' combined market value of $829 million. Under the terms of the bid, Sprott would exchange units of its own trusts, Sprott Physical Gold Trust (ARCA:PHYS); Sprott Physical Silver Trust (ARCA:PSLV), for units of Central GoldTrust and Silver Bullion on a net asset value basis.

The offers will happen simultaneously and be conditional on the approval of both Central GoldTrust and Silver Bullion unitholders and other conditions.


ę S&P Capital IQ 2015
Stocks mentioned in the article
ChangeLast1st jan.
SPROTT PHYSICAL GOLD TRUST -2.64% 14.41 Delayed Quote.2.20%
SPROTT PHYSICAL SILVER TRUST -4.26% 7.64 Delayed Quote.-7.28%
All news about PURPOSE SILVER BULLION FUND
2015Silver Bullion Trust Announces Unaudited Earnings Results for the Third Quarter and Nin..
CI
2015Sprott Forms Soliciting Dealer Groups For GTU, SBT Bids
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2015Silver Bullion Trust Announces Change in Lead Trustee and Chair of the Corporate Govern..
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2015Silver Bullion Trust Reports Unaudited Earnings Results for the Second Quarter and Six ..
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2015Silver Bullion Trust Declares Voting Results of Unitholders Meeting
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2015Institutional Shareholder Services Supports Silver Bullion Trust
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2015Silver Bullion Solicits Proxies from Unitholders
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2015Silver Bullion Trust Reports Unaudited Earnings Results for the Three Months Ended Marc..
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2015Sprott Asset Management Plans $800 Million Unsolicited Bid For Canadian Metals Trusts
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2015Polar Securities Seeks Action from the Trustees of Silver Bullion Trust
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