- Report of Foreign Issuer (6-K)
January 26 2009 - 5:25PM
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 January, 2009
CENTRAL FUND OF CANADA
LIMITED
(Translation of registrants 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 if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
|
Note:
Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
|
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7):
|
Note:
Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally
organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
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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.
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CENTRAL FUND OF CANADA LIMITED
(Registrant)
|
Date: January 26, 2008
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By: /s/ J.C. STEFAN SPICER
_______________________________
(Signature)
J.C. Stefan Spicer, President & CEO
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2
CENTRAL FUND ANNOUNCES PROPOSED OFFERING
For Immediate Release to
Marketwire and
U. S. Disclosure Circuit
TSX SYMBOLS: CEF.A (Cdn. $) and CEF.U (U.S. $)
NYSE ALTERNEXT US SYMBOL: CEF
TORONTO, Ontario (January 26, 2009)
Central Fund of Canada Limited (Central Fund) of Calgary, Alberta announced today that it plans to offer Class A Shares of Central Fund to the public in Canada and the United States under its existing U.S.$750,000,000 base shelf prospectus dated March 31, 2008 and filed with the securities commissions in each of the provinces and territories of Canada, except Québec, and under the multijurisdictional disclosure system in the United States pursuant to a proposed underwritten offering by CIBC World Markets Inc. Central Fund will only proceed with the offering if it is non-dilutive to the net asset value of the Class A Shares owned by the existing shareholders of Central Fund.
The remaining amount of approximately U.S.$470,000,000 of the original U.S.$750,000,000 provided for in the base shelf prospectus is available for this offering.
Substantially all of the net proceeds of the offering will be used for gold and silver bullion purchases, in keeping with the asset allocation policies established by the Board of Directors of Central Fund. Any additional capital raised by the offering is expected to assist in reducing the annual expense ratio in favour of the shareholders of Central Fund.
Central Fund has filed a base shelf prospectus and registration statement with
the Canadian securities regulatory authorities and the United States Securities
and Exchange Commission (SEC) for the offering to which this
communication relates. Before you invest, you should read the base shelf
prospectus and prospectus supplements and any other documents Central Fund has
filed with the securities commissions in each of the provinces and territories
of Canada, except Québec, and the SEC for more complete information about
Central Fund and this offering. You may obtain a copy of the base shelf
prospectus and prospectus supplements filed in the United States from CIBC World
Markets Corp., 425 Lexington Avenue, 5
th
Floor, New York, New York
10017, by fax at 212-667-6303 or by e-mail at useprospectus@us.cibc.com. You may obtain a
copy of the base shelf prospectus and prospectus supplements filed in Canada
from CIBC World Markets Inc., fax 416-594-7242 or request a copy by telephone at
416-594-7270.
Statements contained in this release that are not historical facts are forward-looking statements that involve risks and uncertainties. Central Funds actual results could differ materially from those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those risks detailed in Central Funds filings with the Canadian securities regulatory authorities and the SEC.
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. Central Funds 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 NYSE Alternext US, symbol CEF and the TSX, symbols CEF.A (Cdn. $) and CEF.U (U.S. $).
For further information, please contact J.C. Stefan Spicer, President and CEO at 905-648-7878
Website:
www.centralfund.com
.
Email:
info@centralfund.com
.
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