Royal Canadian Mint will begin trading on the Toronto Stock Exchange as an industrial issuer at the open on Tuesday, Nov. 29, 2011, according to the TSX. As in an Oct. 28, 2011, Royal Canadian Mint news release, it will sell about $250-million of the receipts for $20 each. The buyer of a receipt will own the actual gold, rather than a unit or share of the mint. The receipts will be listed in both Canadian and U.S. dollars and can be traded in either currency. The TSX reports the receipts will trade under the symbols MNT and MNT.U, and Cusip No. 779921 10 5. The receipts are redeemable at the option of the holder once a month for cash or gold bullion, beginning on Feb. 15, 2012, and on the 15th day of each month thereafter. The mint will use the money raised to buy gold bullion on behalf of the purchasers of the exchange-traded receipts.
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