Calgary-based Central Fund of Canada (CFC) has filed a base shelf prospectus to raise up to $1 billion by selling Class A non-voting, fully participating shares, Earth Times reports. The proceeds of the share offering will be used for gold and silver bullion purchases.

The prospectus has been filed with all securities commissions in Canada, except Quebec, and a registration statement has been filed with the U.S. Securities and Exchange Commission. Central Fund of Canada is an exchange tradable, refined gold and silver bullion holding company.

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