Overview
What is PMG?
The Perth Mint Gold Quoted Product ("PMG") is essentially a right
created on-market by Gold Corporation to enable you to invest in gold on the
Australian Stock Exchange ("ASX").
PMG is structured as a call warrant in accordance with the ASX Business Rules.
Each PMG entitles you to acquire one hundredth of a troy ounce of fine gold
on or before the Expiry Date of 31 December 2013 and may be exercised by you
at any time before the Expiry Date.
PMGs trade on the ASX under the code ZAUWBA. PMGs can be purchased by investors
only on the ASX. They cannot be purchased directly from Gold Corporation.
The ASX price of the PMG is intended to track closely the international over-the-counter
market spot price of gold and will be based on the market value of the gold
backing a PMG at the time of purchase.
PMG is a WA Government Guaranteed Product
One of PMG's strengths is the status of its issuer. Gold Corporation is a
statutory authority of the Government of Western Australia, one of Australia's
wealthiest States. The Government of Western Australia's domestic debt is
rated AAA by the US international credit rating agency, Standard and Poor's,
its highest rating category.
The liabilities of Gold Corporation, including its obligations under the
PMG Terms and Conditions, are guaranteed
under section 22 of the Gold Corporation Act 1987, an Act of the Western
Australian Parliament.
Product Disclosure Statement
Interested investors should read the Product
Disclosure Statement ("PDS"), which contains all the information
on this website in respect of PMG, as well as additional important information
such as the PMG Terms and Conditions.
Investors seeking further information should contact their stockbroker or
call The Perth Mint toll free on 1300 651 465 or email to pmds@perthmint.com.au.
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