- Report of Foreign Issuer (6-K)
January 27 2009 - 10:36AM
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):
o
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):
o
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 registrants
home country), or under the rules of the home country exchange on which
the registrants 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 registrants 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.
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
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(Registrant)
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Date: January 27,
2008
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By:
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/s/ J.C.
STEFAN SPICER
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(Signature)
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J.C. Stefan Spicer,
President & CEO
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2
EXHIBIT
INDEX
Exhibit
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Description
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99.1
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Press
Release dated January 27, 2009
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3
Exhibit 99.1
CENTRAL FUND OF CANADA LIMITED ENTERS INTO UNDERWRITING
AGREEMENT
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 27, 2009) -
Central Fund of Canada Limited (Central Fund)
of Calgary, Alberta announced today that it has entered into an underwriting agreement
with CIBC World Markets Inc., as underwriter, under which the underwriter has
agreed to buy and sell to the public, in Canada (except Québec) and in the
United States under the multijurisdictional disclosure system, 11,540,000 Class A
Shares of Central Fund. The Underwriter
has been granted the right to increase the size of the offering (the Right)
by up to an additional 960,000 Class A Shares, exercisable in whole or in
part, at any point prior to 4:00pm (EST) on January 27, 2009. The offering will be made under a third prospectus
supplement to Central Funds U.S.$750,000,000 base shelf prospectus dated March 31,
2008.
The
purchase price of U.S.$10.40 per Class A Share is expected to result in
gross proceeds of approximately U.S.$120 million, prior to the exercise of the
Right. Substantially all the net proceeds of the offering have been committed
to purchase gold and silver bullion for settlement at closing, in keeping with
the asset allocation policies established by the Board of Directors of Central
Fund. The additional capital raised by
the offering is expected to assist in reducing the annual expense ratio in
favour of the shareholders of Central Fund.
Closing
is expected to occur on or about February 3, 2009.
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, 5th 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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