Royal Canadian Mint now selling receipts for initial $250 million gold bars in Ottawa vault
The Royal Canadian Mint is pleased to announce its initial public offering of Exchange Traded Receipts (ETRs) under the Mint's new Canadian Gold Reserves program. Each ETR provides evidence of ownership in physical gold bullion held in the custody of the Mint at its facilities in Ottawa, Ontario.
The Canadian Gold Reserves program marks the expansion of the Mint's successful core bullion and refinery business. Subject to market conditions, the initial offering of ETRs is targeting an issue size of approximately CAD$250 million.