Claymore Gold Bullion Trust Files preliminary Prospectus



    
    /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
    THE UNITED STATES/
    

    TORONTO, April 22 /CNW/ - Claymore Investments, Inc. is pleased to
announce that Claymore Gold Bullion Trust (the "Fund") has filed a preliminary
prospectus in connection with its initial public offering (the "Offering") of
units (the "Units"), whereby the Fund proposes to issue Units comprised of one
transferable trust unit (the "Fund Units") of the Fund and one warrant, which
is exercisable for $10.00 at any time before 4:00 p.m. (Toronto time) on the
date that is 6 months following the closing of the Offering. The offering
price of the Units is $10.00 per Unit.
    The Fund's investment objective is to replicate the performance of the
price of gold bullion, less the Fund's expenses and fees. This objective will
be accomplished by the Fund investing the net proceeds of the Offering in
holdings of pure, unencumbered gold bullion. This strategy will provide
investors with the ability to invest in gold bullion in a convenient, tradable
and secure manner without the associated inconvenience and high transaction,
handling, storage, insurance and other costs typical of direct gold bullion
investment.
    Given that gold bullion is priced in US dollars, the Fund will hedge
substantially all of the Fund's US dollar currency value back to the Canadian
dollar, providing exposure to gold while reducing the currency risk for
Canadian investors.
    The Fund will automatically convert into an exchange-traded fund if the
Fund Units trade at a discount to net asset value after the date that is 6
months following the closing of the Offering.
    The Offering is being made on a best efforts basis in each of the
provinces and territories in Canada through a syndicate of investment dealers
led by GMP Securities L.P. and TD Securities Inc., and including Genuity
Capital Markets, Canaccord Capital Corporation, Dundee Securities Corporation,
Richardson Partners Financial Limited, Scotia Capital Inc., Blackmont Capital
Inc., Desjardins Securities Inc., Haywood Securities Inc., Burgeonvest
Securities Limited, FirstEnergy Capital Corp., Research Capital Corporation,
Rothenberg Capital Management Inc. and Wellington West Capital Markets Inc.

    About Claymore Investments

    Claymore Investments, Inc. is a leader in bringing intelligent, low cost
exchange traded funds in Canada through its family of 23 ETFs across broad
asset classes including core equity, global sectors, fixed income and
commodities. Claymore Investments, Inc. is a wholly-owned subsidiary of
Claymore Group, Inc., a financial services and asset management company based
in the Chicago, Illinois area. Claymore Group entities provide supervision,
management, servicing or distribution on approximately US$10 billion in assets
as of March 31, 2009.
    For more information investors should consult with their investment
advisor or visit our website at www.claymoreinvestments.ca.

    The securities being offered have not been and will not be registered
under the United States Securities Act of 1933 (the "U.S. Securities Act"), as
amended, and such securities may not be offered or sold in the United States
or to U.S. persons (as defined in Regulation S under the U.S. Securities Act)
absent registration or an applicable exemption from registration requirements.
This press release shall not constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of these securities in any
state in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state.

    A preliminary prospectus containing important information relating to
these securities has been filed with securities commissions or similar
authorities in each of the provinces and territories of Canada. The
preliminary prospectus is still subject to completion or amendment. Copies of
the preliminary prospectus may be obtained from your IIROC registered
financial advisor. There will not be any sale or any acceptance of an offer to
buy the securities until a receipt for the final prospectus has been issued.





For further information:

For further information: For media inquiries, please contact: Sara
Beazely, (416) 813-2007, sbeazely@claymoreinvestments.ca; Som Seif, President,
Claymore Investments, Inc., (866) 417-4640, info@claymoreinvestments.ca,
www.claymoreinvestments.ca

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CLAYMORE INVESTMENTS, INC.

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