As was announced before, Sprott's PHYS fund (which previously had not disclosed terms of its offering) has just priced 19 million units at $14.00/unit for a total raise of $266 million, all of which will go to removing another 5 tonnes of physical gold out of the broader lendable circulation.
Read the full story at Zerohedge here:
http://www.zerohedge.com/article/sprott-prices-phys-follow-offering-raises-266-million-buy-over-5-tonnes-physical-gold
