Central Fund OF Canada Ltd - Report of Foreign Issuer (6-K)
March 25 2008 - 6:00AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of March 2008
CENTRAL FUND OF CANADA LIMITED
(Translation
of registrant’s name into English)
Suite 805, 1323 - 15th Avenue S.W., Calgary, Alberta , Canada T3C
0X8
(Address of principal
executive office)
[Indicate
by check mark whether the registrant files or will file annual reports under cover of
Form 20-F or Form 40-F:
[Indicate
by check mark whether the registrant by furnishing the information in this Form is
also hereby furnishing the information to the Commission pursuant to
Rule 12g3-2(b) under the Securities Exchange Act of 1934.
[If
“Yes” is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b):
N/A
]
SIGNATURES
Pursuant
to the requirements of the Securities Act of 1934, the registrant has duly caused this
report to be signed on its behalf by the undersigned, thereunto duly
authorized.
|
CENTRAL
FUND OF CANADA LIMITED
(Registrant)
|
Date: March 24,
2008
|
By: /s/ J.C.
STEFAN SPICER
_______________________________
(Signature)
J.C. Stefan Spicer,
President & CEO
|
CENTRAL FUND OF CANADA LIMITED
For Immediate Release to
Canada News Wire and
U.S. Disclosure Circuit
TSX SYMBOLS:
|
CEF.A and CEF.U
|
CENTRAL FUND FILES SHELF PROSPECTUS
TORONTO, Ontario (March 24, 2008/CNW/)
- Central Fund of Canada Limited (Central Fund) of Calgary, Alberta is pleased to announce that it has filed a preliminary base shelf prospectus (the Prospectus) with the securities commissions in each of the provinces and territories of Canada, except Quebec, and a registration statement with the United States Securities and Exchange Commission. This registration will allow Central Fund to offer and issue Class A non-voting, fully participating shares of Central Fund (the Class A Shares) by way of one or more Prospectus Supplements at any time during the 25-month period that the Prospectus remains in place. Central Fund does not presently foresee authorizing an immediate share issue. The purpose of the filing of the Prospectus is to enable greater efficiency for share offerings in the
future when conditions for issues of shares may be considered as favorable for existing shareholders and new subscribers in due course.
Under the Prospectus, the Class A Shares may be issued from time to time at the discretion of Central Fund, with an aggregate offering amount not to exceed US$750,000,000. Central Fund will only proceed with any such offering if it is non-dilutive to the net asset value of the Class A shares owned by the existing shareholders of Central Fund. Substantially all of the net proceeds of any such offering will be used to purchase gold and silver bullion, in keeping with the policies established by the board of directors of Central Fund. Any additional capital raised by any such offering is expected to reduce the operating expense ratio in favour of the shareholders of Central Fund.
A registration statement relating to these securities has been filed with the United States Securities and Exchange Commission but has not yet become effective. The securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. 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.
Central Fund of Canada Limited (est. 1961) is an exchange tradeable refined gold and silver bullion holding company. Class A Shares are qualified for inclusion in many North American regulated accounts. Bullion holdings are stored on an unencumbered, allocated, segregated and insured basis in the treasury vaults of a major Canadian bank and are audited semi-annually in the presence of Central Funds auditors and bank representatives. Class A shares are quoted on the AMEX, symbol CEF and the TSX, symbols CEF.A (Cdn. $) and CEF.U (U.S. $).
Information regarding Central Fund is available at
www.centralfund.com
.
For further information, please contact J.C. Stefan Spicer, President and CEO at 905-648-7878 or write to
info@centralfund.com
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