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Royal Canadian Mint to Raise C$250 Million in Bullion IPO

The Royal Canadian Mint, a government-owned organization that mints and distributes coins, plans to raise C$250 million ($251 million) by offering exchange traded receipts in an initial public offering of its gold reserves.

The company plans to offer units priced at C$20 each, according to a statement on Oct. 28. The units will be listed on the Toronto Stock Exchange.