pmg 2010 final - proposal only!
TRANSCRIPT
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PRODUCT DISCLOSURE STATEMENT
ISSUER
GOLD CORPORATION
PERTH MINT GOLD
A STATUTORy AUThORITy O ThE GOvERNmENT
O wESTERN AUSTRALIA
1 JULy 2010
ABN 98 838 298 431
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CONTENTS
Ter Seet 3
Additional inoration about Pert mint Gold 4
1 Inoration about Pert mint Gold 5
2. Inoration about Gold Corporation 12
3. Risks o inesting in Pert mint Gold 14
4. Tax Suar 18
5. Consents and Disclosures 20
6. Ters and Conditions 21
7. Interpretation 27
8. Priac Stateent 30
9. Additional Inoration 31
10. Director - Contact details 32
11. Exercise Procedure 33
12. Exercise Product & Price Scedule 37
Exercise Notice 39
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Issuer Gold Corporation, a statutor autorit o te Goernent o western Australia.
ASX Code PmGOLD
Underling Parcel 1/100t o a tro ounce o ne gold.
Guarantees Eac PmG ill be ull coered b 1/100t o a tro ounce o ne gold oned bGold Corporation.Te liabilities o Gold Corporation, including its obligations under te PmG Tersand Conditions, are guaranteed under section 22 o te Gold Corporation Act1987, an Act o te western Australian Parliaent.
Issue Date 9 ma 2003
manageent ee 0.15% annuall (paid b annual redeption o PmGs or b pro rata as calculatedinto te price o te PmG in te or o a Trading ee).
Exercisable At an tie.
Settleent metod Psical (delierable) gold or cas.
Psca Sttmnt
Psical ors (a) London Good Delier Bar (approxiatel 400 tro ounces and iniupurit o 99.50%).
(b) Pert mint coin and bar products (subject to aailabilit).
Settleent Date (a) In te case o London Good Delier Bars, 20 Business Das ater Exercise
Date.(b) In te case o Pert mint coin or bar products, as deterined b Gold
Corporation and dependent on aailabilit.
Nuber o PmGs Required variable, depending on te Psical or selected b holder.
Psical Settleent ee variable, depending on te abrication Carges o te Psical or and costso delier etod selected b holder and an Taxes and Duties. Oter costs(a Non-Delier ee) a be incurred i holder ails to take delier o is/erPsical or.
Cas Sttmnt
Settleent Date 5 Business Das ater te Exercise Date.
Cas Settleent Reduction Aount $100
TERM ShEET
This Term Sheet is only a summary of the key features of the PMG. Investors should read this entire Product Disclosure
Statement (PDS) including the Terms, which replaces the Product Disclosure Statement for the Perth Mint Gold Quoted
Product dated 7 May 2003, before making an investment decision. All fees payable from time to time are set out in the
Exercise Product & Price Schedule in Part 12 of this PDS.
Nt: T s n appcatn m n ts PDS cas PMGs can nma pcasd nsts n
n t ASX.
Tis Ter Seet ors part o te Ters and Conditions o te PmG.
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I ou ae an questions about te procedure or inestingin Pert mint Gold or o to coplete te Exercise Notice,
please contact Gold Corporation on 1300 651 465 or isit
te inestent section o Gold Corporations ebsite at
.pertint.co.au.
Gd Cpatn ma wa an a s paa
nd t Tms at Gd Cpatns dsctn, at
an tm.
DiSCloSureS
Pdct Dscs Statmnt: Tis Product Disclosure
Stateent (te PDS) replaces te Product Disclosure
Stateent or te Pert mint Gold Quoted Product
dated 7 ma 2003. Tis PDS as been prepared b Gold
Corporation ABN 98 838 298 431 (Gold Corporation), a
statutor autorit o te Goernent o western Australia
establised under te Gold Corporation Act 1987, and te
issuer o Pert mint Gold (PmG).
wile te Australian Securities and Inestents Coission
(ASIC) takes no responsibilit or te contents o tisPDS, neerteless a PDS In-use Notice as been lodged it
ASIC.
Gold Corporation is exept ro te Corporations Act
(except Capter 5) as it is an exept public autorit
as dened in section 9 o te Corporations Act. hoeer,
tis PDS as been prepared in accordance it Capter
7 o te Corporations Act. Gold Corporation is bound b
te proisions o te air Trading Act (wA) 1987 ic
proibits Gold Corporation ro engaging in conduct tat
is isleading or deceptie or likel to islead or deceie inrelation to tis PDS. Also, Gold Corporation ill be liable
or te contents o tis PDS in accordance it ordinar
coon la principles.
instmnt Dcsns: It is ipossible in a docuent o
tis tpe to take into account te inestent objecties,
nancial situation and particular needs o eac reader.
Accordingl, noting in tis PDS sould be construed as
a recoendation b Gold Corporation, or an associate
o Gold Corporation or an oter person concerning an
inestent in PmG. Readers sould not rel on tis PDSas te sole or principal basis o a decision to inest in
PmG and sould seek independent nancial and taxation
adice beore aking a decision eter to inest in PmG.No person is autorised b Gold Corporation to gie an
inoration or to ake an representation not contained in
tis PDS. An inoration or representation not contained in
tis PDS ust not be relied upon as aing been autorised
b or on beal o Gold Corporation. Noting in tis PDS is,
or a be relied upon as, a representation as to te uture
perorance o PmG.
Jsdctn and Sng rstctns: Tis PDS is not an
oer or initation in relation to PmG in an place in ic,
or to an person to o, it ould not be laul to aketat oer or initation. Te distribution o tis PDS outside
Australia a be restricted b te las o places ere it is
distributed and tereore persons into ose possession tis
docuent coes sould seek adice on and obsere tose
restrictions. ailure to copl it releant restrictions a
iolate tose las.
The TerMS
Tis PDS as been prepared b Gold Corporation
in accordance it te nancial product disclosure
requireents under te Corporations Act.
Te PmG product is entered into beteen te Inestor and
Gold Corporation on te ters set out in te Ters and
Conditions (te Ters) ic are contained in Part 6 o
tis PDS. It is iportant tat ou read te Ters (including
te Ter Seet) in ull as tese set out our rigts and
obligations in relation to PmG.
DiSClAiMer
Te gold arket is olatile. Inestents in gold inole a
ig degree o risk and are not suitable or all persons.
Losses a be incurred bot as a result o gold price
diinution and i an price gains do not exceed applicable
anageent, andling, delier and related ees. Gold
Corporation as not oered or gien and ill not proide
an inestent adice in connection it tis PDS or PmG.
I ou are in an doubt as to te suitabilit o precious
etals as an inestent ou sould contact our legal and
nancial adiser beore inesting in PmG.
Te eaning o an capitalised ter appearing in tis PDS is
explained in Part 7.
ADDITIONAL INORMATIONAbOUT PERTh MINT GOLD
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WhAT iS PMG?
Pert mint Gold (PmG) is essentiall a rigt created on-
arket b Gold Corporation to enable ou to inest in gold
on te Australian Securities Excange (ASX).
PmG is structured as a call option in accordance it
te ASX market Rules. Eac PmG entitles ou to acquire
one undredt o a tro ounce o ne gold and a be
exercised b ou at an tie.
Te ASX price o PmG is intended to track closel te
international oer-te-counter arket spot price o goldand ill be based on te arket alue o te gold backing a
PmG at te tie o purcase.
PMG iS A WA GoverNMeNT GuArANTeeD ProDuCT
One o PmGs strengts is te status o its issuer. Gold
Corporation is a statutor autorit o te Goernent o
western Australia. At te date o tis PDS te Goernent
o western Australias doestic debt is rated AAA b te US
international credit rating agenc, Standard and Poors, its
igest rating categor.
Te liabilities o Gold Corporation, including its obligations
under te PmG Ters and Conditions, are guaranteed
under section 22 o te Gold Corporation Act 1987, an Act
o te western Australian Parliaent.
PMG iS ully CovereD by GolD
Te PmG ill be ull coered b gold oned b Gold
Corporation. Gold Corporation ill purcase one undredt
o a tro ounce o ne gold (ic is te aount o pure
psical gold) or eac PmG it sells to ou. Eer 100 PmGs
ou exercise ill entitle ou to take delier o 1 tro ounce
o ne gold. or exaple, i ou exercise 100 PmGs and ou
select a 1ozt bar o 99.99% purit, it ill contain 0.9999
tro ounces o ne gold (it is not possible to delier products
containing 100% pure gold).
you ill ae no interest in or onersip o te gold
backing eac PmG until or unless our PmGs are exercised
b lodging a alid Exercise Notice it Gold Corporation
electing psical settleent.
Where Will GolD CorPorATioN STore PMG GolD?
Altoug ou ae no interest in or onersip o te gold
underling our PmGs, ou a is to kno ere Gold
Corporation ill store tis underling gold.
Gold Corporation ill to store te ajorit o te PmG gold
purcased ater holders bu PmGs in its aults in Pert,
western Australia, in (a) te or o gold bars segregated
psicall ro an oter precious etal eld in Gold
Corporations aults and/or (b) in a psical unsegregated
or in Gold Corporations operations in Pert. An aount
sucient to proide liquidit or cas sales o PmGs ill also
be eld in Gold Corporations London etal accounts.
Gold Corporation as a legal obligation under te PmG
Ters to ensure our gold is aailable or collection itin
a specied period ro te date o receiing our Exercise
Notice. All PmG gold eld ill be in ors tat enable Gold
Corporation to ull its psical gold delier obligations
to ou.
WhAT Are The beNeiTS o iNveSTiNG iN PMG?
Te possible benets o inesting in PmG include:
acquiring a non-leeraged product tat tracks closel
te international oer-te counter arket spot price
o gold;
oning an inestent anaged b Gold Corporation,
a statutor autorit o te Goernent o
western Australia;
gaining a Goernent guaranteed rigt to acquire
psical gold ro Australias leading precious etals
int, ic as oer a centurs inoleent in te
nations gold industr;
oning an inestent tat can be traded on te ASX,
ic proides a transparent and regulated arket;
and
aoiding te risks and costs associated it personal
storage o gold bullion.
INORMATION AbOUTPERTh MINT GOLD1
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WhAT Are The riSkS o iNveSTiNG iN PMG?
wen reading tis PDS, ou also sould consider careull
te risks described in greater detail in Part 3 o te PDS.
Te risks include, itout liitation:
general arket risks;
risk o non-perorance b Gold Corporation;
risk o canges in te PmG manageent ee,
Psical Settleent Aount and Cas Settleent
Reduction Aount;
arket liquidit risk; and
olatilit risk in te international gold and
currenc arkets.
As wt an nstmnt, t s mptant tat
ndstand and appcat t ss nd n
nstng n PMG. lsss ma ncd as a st
gd pc dcns and ads cnc mmnts,
an pc gans d nt xcd Psca
Sttmnt Amnt Cas Sttmnt rdctn
Amnt (as appca) and t PMG
Managmnt .
hoW Do i obTAiN PMG?
you can bu a PmG onl on te ASX. you cannot subscribe
or a PmG directl ro Gold Corporation.
PMG quoTeD oN The ASX
Gold Corporation as ade an application, and as been
granted approal b ASX, or te adission o PmG to
quotation as an AQUA product on te ASX trading arket.
you are able to acquire PmGs troug our stockbroker.
Gold Corporation ill ake a priar issue to GoldCorp
Australia (see ho are PmGs created? belo).
AquA ruleS
On 15 Septeber 2008, te ASXs ne AQUA trading
plator coenced operations ic enable quotationo anaged unds, ETs and structured products. AQUA
consists o to plators (i) trading arket and (ii)quotation arket ic are establised under Capter 10A
and Capter 10B o te ASX market Rules respectiel.
Te AQUA trading arket proides a trading plator
or products quoted under te AQUA Rules troug te
Integrated Trading Sste (ITS). Te AQUA trading arket
operates te sae a tat arrants are traded on te
ASX arket.
Te ASX AQUA Rules in Section 10A o te market Rules
are based upon, and siilar to te ASX warrant Rules
in Section 10 o te market Rules. Te ke dierence in
principle beteen te ASX warrant Rules and te ASX Aqua
Rules, in respect o products suc as PmG, is tat te AQUA
Rules proide greater fexibilit in product structures and te
underling instruents. Te AQUA Rules are considered
to be ore appropriate tan te warrant Rules or PmGs
as te underling instruent is gold bullion rater tan
equities and te PmGs ae no aturit.
Unlike te warrant Rules, te AQUA Rules do not require
Gold Corporation to lodge a stateent o assets, liabilities
and equit or to ake a cop o its current annual report
aailable to holders. hoeer, Gold Corporation is required
to table its annual report to te Parliaent o western
Australia and akes it aailable at its ebsite.
Te warrant Rules include proisions dealing it paent
o te intrinsic alue o expir o unexercised arrants
and te liquidated daages paable or ailure to delier
exercised delierable arrants, neiter o tese are required
under te AQUA Rules and so ould not appl to PmGs
upon teir siting to AQUA. hoeer, under Clause 11
an ailure b Gold Corporation to delier te Underling
Parcel or te Cas Settleent Aount ill result in Gold
Corporation being required to delier or pa 110% o te
Underling Parcel.
Dd Sttmnt Pd
Tere ill be a period o deerred settleent trading or
te PmG around 31 Deceber o eac ear. Tis is to allo
or redeption o te nuber o PmGs corresponding to
te aount o te PmG manageent ee paable b te
holder (see clause 9 in Part 6 o tis PDS).wile ou a
transact (i.e. bu or sell PmGs) on te ASX, settleent o
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tese transactions ill not occur until te tird da aterre-coenceent o trading on a noral T+3 basis.
Tis deerred settleent trading period is expected to
coence on te t trading da prior to 31 Deceber
o eac ear, it noral T+3 settleent recoencing
on te t trading da olloing 31 Deceber. Te exact
dates or deerred settleent trading (i an) ill be adised
b te Issuer aking an announceent ia ASX prior to
coenceent o deerred settleent trading.
or exaple, i ou sell on te rst da o deerred
settleent trading, ou ill reain registered as teholder o te PmGs on 31 Deceber. you ill not
receie te proceeds o our sale until 3 das ater te
recoenceent o trading on a T+3 basis.
During te deerred settleent trading period, te PmGs
ill trade on a post-reset basis. Tis eans tat trading
during tis period ill be treated as i trades occurred on a
noral T+3 basis.
AMeNDMeNTS MADe by ThiS PDS
Te aendents to te Product Disclosure Stateent dated
7 ma 2003 ic are disclosed in tis PDS dated 1Jul
2010 are as ollos:
Application as been ade or te PmGs to be listed
under te ASX AQUA Rules in Section 10A o te ASX
market Rules instead o being listed under te ASX
warrant Rules in Section 10 o te ASX market Rules.
Te PmGs are no described as an option rater tan
a arrant.
Te ASX code ill cange ro ZAUwBA to PmGOLD.
Psical Settleent is no longer subject to a iniu
o 100 PmGs.
Te Exercise Price as been reduced ro $0.50 per
ounce to zero.
Te 31 Deceber 2013 Expir Date o te PmGs as
been reoed.
Te restriction on Gold Corporation ro expiring
PmG i tere ere ore tan 10 illion PmGs eld
as been reoed. Gold Corporation ill no be
able to expire te PmGs at an tie it six ontsnotice.
Te PmG manageent ee as been reduced to
0.15% per annu.
Te requireent to expire te PmGs in te eent o
a orce majeure as been reoed. Instead, once a
orce majeure as occurred and is continuing, te
obligations o Gold Corporation under te PmGs ill
be suspended and deerred until te eent giing rise
to te orce majeure ceases to exist.
Under ASX market Rules, Gold Corporation is obliged
to eiter ake arkets b quoting bu and sell oers
or PmG or appoint market maker(s) to ensure tat
a reasonable bid and olue is aintained in te
arket or 90% o te tie tat te ASX trading
arket is open. or urter inoration, see section
market making in PmGs? on te olloing page.
Consequential canges to te PDS and te PmG Ters
ae been ade, and te canges ae been ade b a
resolution approed b 75% or ore o otes cast b PmGholders (disregarding te Issuer and its associates).
you Are bouND by The PMG TerMS AND
CoNDiTioNS WheN you buy A PMG
Pert mint Gold is issued b Gold Corporation on te
Ters set out in tis PDS and in particular in Part 6. you
sould ensure tat ou read and understand te Ters. B
purcasing a PmG on ASX ou ill becoe bound b
te Ters.
hoW Are PMGS CreATeD?
Gold Corporation as issued 321,500,000 units o PmGs as
treasur stock to GoldCorp Australia ABN 49 230 812 547
(GoldCorp), a bod corporate created under te Gold
Corporation Act 1987, representing te autorised aount
o PmGs tat can be sold to general inestors troug te
ASX under tis PDS (approxiatel 100 tonnes o gold).
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MArkeT MAkiNG iN PMGS?
Under ASX market Rules, Gold Corporation is obliged eiter
to ake arkets b quoting bu and sell oers or PmG or
appoint market maker(s) to ensure tat a reasonable bid
and olue is aintained in te arket or 90% o te tie
tat te ASX trading arket is open. Tese requireents
cease to appl once te PmGs ae a spread o at least
1,000 holders and a alue in excess o $10,000,000. As
at te date o tis PDS tere are less tan 1,000 holders o
PmGs, accordingl, te arket aking requireents under
te ASX market Rules currentl appl. hoeer, it is GoldCorporations intention to continue to ensure a reasonable
bid, oer and olue are aintained ia its market maker(s)
een i tere are ore tan 1,000 holders or alue in excess
o $10,000,000.
B quoting PmG bu and sell oers, te market maker(s)
ill proide:
(a) Reerence Pricing
Te proision o continuous bu oers and sell oers
(ile PmG treasur stock is aailable) b te marketmaker(s) ill proide inestors it inoration about
te intra-da oer-te-counter spot gold price and
proide a link beteen te spot gold arket and PmG
trading on te ASX.
(b) Liquidit
Te market maker(s) ill act as buers or sellers o
last resort, enabling inestors to acquire or dispose o
PmG or cas settleent ia te ASX. Liquidit is also
aailable b exercising te PmGs at an tie.
hoeer, i te nuber o PmGs sold equals te total
issued PmG treasur stock, Gold Corporation ill
inor te arket iediatel ia ASXs CAP tat
tere are no ore PmGs aailable or oer ro Gold
Corporation. Te market maker(s) tereore ill cease
to quote sell oers or PmGs until Gold Corporation
noties te arket tat it as aailable PmG treasur
stock on ic te market maker(s) can resue
quoting sell oers. During tis tie, te market
maker(s) ill continue to aintain reasonable PmG
bid prices and olues to enable inestors to sell
teir PmGs.
hoW MuCh DoeS PMG CoST?
All ees tat ou ust pa or te PmG are set out in te
Exercise Product & Price Scedule in Part 12 o tis PDS.
Tis Scedule ill ar during te lie o te PmG because
soe o te costs (suc as anuacturing te gold bar
or coin ou coose or delier) ill cange ro tie to
tie beore te Expir Date. Gold Corporation ill proide
notication o an suc cange b updating its Exercise
Product & Price Scedule and aking it aailable ro te
inestent section o its ebsite at .pertint.co.au.
A suar o all te costs and ees paable is setout belo.
Pcas Pc
Te cost o PmG ill be equal to te price ou pa to bu a
PmG on te ASX, ic ill be te su o te underling
gold alue o a PmG as set b te market maker(s) plus te
PmG Trading ee (see belo).
bag s
you a incur brokerage ees on te purcase and sale o aPmG on te ASX.
hdng s
I ou old PmGs at te close o trading on 31 Deceber,
ou ill incur te PmG manageent ee.
PMG Managmnt
Te PmG manageent ee coers te olloing annual
costs incurred b Gold Corporation:
(a) an sipent, storage and insurance costs associated
it te anageent o te gold underling eac
PmG;
(b) te cost o aking tis product aailable to ou;
(c) registr and ChESS costs associated it trading in
PmG b its holders;
(d) an oter costs incurred b Gold Corporation at an
tie in te uture in te anageent o tis product.
At te date o issue o tis PDS, Gold Corporation isnot aare o an suc costs.
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Te PmG manageent ee ill ar oer te lie o tePmGs because storage, insurance, ChESS, registr and oter
anageent costs ill cange. Gold Corporation ill gie
holders tree onts ritten notication o an cange to
te PmG manageent ee.
or te period to 31 Deceber 2010, te PmG
manageent ee ill be xed at a rate o 1 PmG or eer
667 PmGs eld b a holder (equialent to 0.15% annuall).
Te iniu PmG manageent ee ill be 1 PmG.
Te PmG manageent ee ill be carged eac ear at te
close o trading on ASX on 31 Deceber. I ou becoe
a holder ater 31 Deceber, ten ou ill be carged te
PmG manageent ee on te olloing 31 Deceber. Cas
paent o tis ee ill not be required or accepted b Gold
Corporation. Instead, Gold Corporation ill deduct te
appropriate nuber o PmGs ro our olding at a rate o
1 PmG or eer 667 PmGs eld, according to te olloing
scedule:
i ou old less tan 1334 PmGs, 1 PmG ill
be deducted;
i ou old 1334 to 2000 PmGs, 2 PmGs ill
be deducted;
i ou old 2001 to 2667 PmGs, 3 PmGs ill
be deducted; and so on.
A reised holdings Stateent ill be sent to ou as soon as
possible ater suc deduction is ade soing te nuber
o PmGs redeeed b Gold Corporation to pa our PmG
manageent ee and te nuber o PmGs ou continue to
old.
PMG Tadng
Te tie alue o te PmG manageent ee ill be
included in te price o a PmG in te or o a PmG
Trading ee. Gold Corporation ill require te market
maker(s) to add tis PmG Trading ee to bot te
underling gold bid and ask prices o PmG as set b te
market maker(s). Tis ill be done to ensure long-ter
holders o PmG are not disadantaged copared to:
(a) sort-ter holders, o a bu and sell PmG itina ear; and
(b) holders o a attept to aoid te PmGmanageent ee b selling PmG iediatel beore
31 Deceber and buing back ater tat date.
Te addition o te PmG Trading ee to PmGs underling
gold ask price is, in eect, an upront paent b a holder
o te pro-rata aount o te PmG manageent ee.
Te PmG Trading ee ill decline oer a calendar ear. or
exaple, te PmG Trading ee included in PmGs ASX price
on 1 Januar ill be at te ull PmG manageent ee rate
(xed at 0.15% until 31 Deceber 2010), copared to te
PmG Trading ee included in PmGs ASX price on 1 Jul,ic ill be at al o te PmG manageent ee rate. A
istor o actual dail PmG Trading ees applied is aailable
ro Gold Corporation on request.
Te addition o te PmG Trading ee to PmGs underling
gold bid price is, in eect, a reund o tat pro rata aount
o te PmG Trading ee paid at te tie o purcase tat
reains unused at te tie o sale.
eXerCiSe eeS & reDuCTioNS
I ou exercise our PmG, ou also ill ae to pa te
olloing ees depending on ic or o settleent ou
coose:
Psca Sttmnt
(a) Psical Settleent ee (including abrication Carges
ic ill dier depending upon te tpe o psical
gold or ou coose); and
(b) i ou ail to take delier o te gold, an costs
incurred b Gold Corporation in selling our gold
(including te costs o returning te gold to Gold
Corporation, i required) and aking a cas paent
to ou.
Cas Sttmnt
(a) Cas Settleent Reduction Aount.
urter details on PmGs psical and cas settleent
options can be ound in Part 11 o tis PDS. Part 12 o tis
PDS is te Exercise Product & Price Scedule. Tis sets out
all te ees paable on exercise as at te date o tis PDS.
I an o tese ees cange ro tie to tie, an updated
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Exercise Product & Price Scedule ill be aailable ro teinestent section o Gold Corporations ebsite at .
pertint.co.au.
GolD CorPorATioN MAy WAive eeS
Gd Cpatn ma wa an a s paa
nd t Tms at Gd Cpatns dsctn, at
an tm.
Cmmssns, s and xpnss
Tere is no coission, establisent ee or additional
ongoing anageent ee carged to ou in respect o te
PmG oter tan te ees described aboe.
hw d i xt m PMG nstmnt?
Under te PmG Ters and Conditions ou ae te rigt
to eiter
(a) sell our PmGs on te ASX troug our broker; or
(b) conert our PmGs into psical gold b sending an
Exercise Notice electing Psical Settleent to Gold
Corporation; or
(c) receie a cas paent or our PmGs b sending
an Exercise Notice electing Cas Settleent to Gold
Corporation, at an tie.
hw d i xcs m PMG?
you can coose one o to exercise options: psical
(delierable) gold or cas.
In te case o PmG psical settleent, Gold can be
deliered to ou in a nuber o ors, including Te Pert
mints bars and Australian legal tender coins. Gold can be
collected directl ro Te Pert mint or deliered ia secure
carrier to ou. A Psical Settleent ee ill be paable,
ade up o te cost o abricating (or anuacturing)
te tpe o bar or coin ou ae cosen (te abrication
Carges) and te cost o te delier etod ou ae
cosen plus an applicable Taxes and Duties. Te abrication
Carges or eac tpe o bar and coin or are set out
in te Exercise Product & Price Scedule. Please contactGold Corporation or inoration regarding te cost o te
delier etod aailable to ou.
A list o all delierable products and teir corresponding
ees ill be detailed in an Exercise Product & Price Scedule
aailable ro Gold Corporation or its ebsite. An indicatie
Exercise Product & Price Scedule as at te date o tis PDS
can be ound in Part 12 o tis PDS. wile Gold Corporation
reseres te rigt to cange te products listed on tis
Scedule, PmG gold ill be delierable in te or o te
London Good Delier Bars at all ties.
I ou elect not to take psical delier, Gold Corporation
can pa ou te Cas Equialent Aount o our PmGs
less an Adinistration ee equal to $100 ic coers Gold
Corporations costs, as at te date o tis PDS, o selling
te gold and paing te cas to ou. hoeer, tese selling
and paent costs a cange ro tie to tie and
Gold Corporation ill noti ou o an suc canges on
te Exercise Product & Price Scedule aailable ro te
inestent section o its ebsite .pertint.co.au.
urter details on PmGs psical and cas settleent
options can be ound in Part 11.
Wn d PMGs xp?
Te PmGs expire:
(a) at te Settleent Date ater a alid Exercise Notice is
receied; or
(b) ou call or a liquidated daages aount to be paid,
as described in clause 11 o te Ters (in Part 6 o tis
PDS); or
(c) six onts ater te date o a CAP announceent bGold Corporation tat it is no longer oering te PmG
product, at Gold Corporations absolute discretion.
I ou ae not exercised te PmG beore te expire, Gold
Corporation a:
(a) sell te gold eld b Gold Corporation as coer or
our PmGs on te oer-te-counter arket and send
te sale proceeds to ou, less Gold Corporations
costs and expenses in selling te gold (no Psical
Settleent ee or Cas Settleent Reduction Aount
ill be paable in tis case, see clause 12.2 o te
Ters contained in Part 6 o tis PDS); or
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(b) gie ou te option o continuing to old our goldin a direct account it Gold Corporation. I so,
Gold Corporation ill send ou a Product Disclosure
Stateent describing te direct account acilit beore
te PmGs expire. you ust ae opened a direct
account it Gold Corporation beore te PmGs
expire, oterise tis option is not aailable to ou.
Can t PMG Tms cang?
yes. Te Ters (see Part 6 o tis PDS) a be aended
or aried i autorised b holders, or i necessar to
copl it te la or ASX requireents or to correct an
inconsistenc or error in te Ters in Part 6. you ill be
notied o an suc canges. you sould read clause 19 o
te Ters to ull understand our rigts and obligations i
tese Ters are aended.
Annncmnts t ASX
Te Issuer ill ake copan announceents to ASX
troug te CAP in relation to te PmGs i an eent(s)
occurs tat ill ae a aterial eect on te price o PmGs.
Te Issuer ill also release its nancial stateents troug
te CAP.
were te Issuer akes an announceent troug CAP, te
announceent ill be listed as ade b GCB (te ASX
code or te Issuer).
Dspts cncnng PMG
you a ake a coplaint relating to te PmG directl
to Gold Corporation ia telepone on 1300 651 465. I
te coplaint cannot be resoled in te rst instance,
te releant ocer ill orard te coplaint to senior
anageent to instigate an inestigation and seek a
resolution. you ill be inored o te outcoe. I ou are
not satised it te a in ic Gold Corporation deals
it our coplaint, ou a reer it to:
Te Parliamentar Commissioner or AdministratieInestigations
Leel 12
44 St Georges Terrace
Pert, Western Australia, 6000
Wesite: www.omudsman.wa.go.au
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Gd Cpatns opatns
Gold Corporation is te olding copan o to oll
oned subsidiaries, te western Australian mint and
GoldCorp Australia. Gold Corporation proides central
serices to te group, including treasur, bullion serices
and settleent, accounting, personnel anageent,
business deelopent, inoration sstes, public aairs,
goernent relations, securit and records anageent.
GoldCorp Australia as ored in 1986 to anage te
redeelopent o te western Australian mint and to
int and arket Australias rst legal tender precious
etal bullion coin progra internationall, under a unique
agreeent it te Coonealt o Australia. GoldCorp
Australia is a signicant participant in international arkets
or alue-added precious etal inestent and collectable
coin products, arketing a ide range o legal tender
bullion and collector coins, and precious and base etal
edallions.
Pert mint Depositor, a diision o Gold Corporation,
as deeloped an international reputation as a sae aen
precious etal depositor. Te Depositor oers precious
etal storage serices to doestic and international priate
clients, trusts, superannuation unds and corporations
seeking secure storage under goernent guarantee.
Gold Corporation also runs Australias onl London Bullion
market Association accredited gold rener, ic renes
ost o Australias gold production, gold ro surrounding
countries and also secondar gold, ainl ro Asia. It is
one o te igest trougput gold reneries in te orld
and also renes considerable quantities o siler.
Gold Corporations Annual Report is aailable at .
pertint.co.au. wit regard to te nancial position o
te Goernent o western Australia, a Quarterl inancial
Results Report is aailable at .dt.a.go.au.
Cpat Gnanc
Te Board o Directors is te goerning bod o Gold
Corporation. Te Gold Corporation Act 1987 epoers
te Board to deterine policies or te Corporation and its
subsidiaries, and requires te Board to:
(a) deelop and expand te Corporations business or te
benet and to te greatest adantage o te people
o Australia;
(b) operate in accordance it prudent coercial
principles; and
(c) strie to earn a coercial rate o return on its
capital.
Te Boards autorit is liited b te proisions in te
Gold Corporation Act 1987 and b ministerial direction.
Te Board is coitted to sound corporate goernance
principles, ig standards o legislatie copliance, and
nancial and etical beaiour. Te Board regards directorial
and anagerial conduct seriousl and as an integral part o
sound goernance practices. In accordance it tat, te
Board as establised and coitted itsel to a Stateent
o Business Principles and a Corporate Goernance
Carter. Te Board acknoledges its accountabilit to te
Corporations onl sareolder, te Goernent o
western Australia.
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Inesting in PmGs inoles a degree o risk. Tis section is ageneral suar o soe o tese risks.
Tis section does not purport to be a copreensie
suar o all o te risks associated it an inestent
in a PmG but describes te signicant risks associated it
an inestent in a PmG. urter, b its nature, tis section
cannot identi all o te releant considerations tat a
be a risk or indiidual potential inestors, and is not a
substitute or independent adice.
PmG is considered b Gold Corporation to be suitable onl
or inestors o understand ull and accept all o te
olloing risks inoled in inesting in tis gold ASX quoted
product. Tis PDS does not take into account a potential
inestors on nancial needs, inestent goals or nancial
circustances. Gold Corporation recoends tat ou
obtain independent nancial adice beore buing a PmG.
TrADiNG ANAlySiS
wile te PmGs are aditted to Trading Status on te ASX
arkets, te Issuer ust copl it its arket aking
obligation under te ASX market Rules. Subject to tese
rules, te Issuer as appointed te market maker(s) to
ensure tat tere are alas bu and sell oers or PmG
quoted on te ASX and tat tese oers track te AUD
price o gold aailable in te orldide olesale oer-te-
counter arket. Belo is a grap o te olue eigted
aerage price o PmG copared to te Pert mints AUD
spot price or psical gold ro Januar 2005 to marc2010 as ell as te olue o PmGs traded.
In addition, te arket price o PmGs ill be a unction o
suppl and deand aongst inestors ising to bu and
sell PmGs and te bid-oer spread tat te market maker(s)
quotes. At an tie te price o PmG trading on te ASX
a not refect accuratel te AUD price o gold.
RISkS O INvESTING IN PERThMINT GOLD3
$500
$600
$700
$800
$900
$1,000
$1,100
$1,200
$1,300
$1,400
$1,500
$1,600
Jan05
Mar05
May05
Jul05
Sep05
Nov05
Jan06
Mar06
May06
Jul06
Sep06
Nov06
Jan07
Mar07
May07
Jul07
Sep07
Nov07
Jan08
Mar08
May08
Jul08
Sep08
Nov08
Jan09
Mar09
May09
Jul09
Sep09
Nov09
Jan10
Mar10
AUDGoldPriceperounce
300,000
600,000
900,000
1,200,000
1,500,000
1,800,000
2,100,000
2,400,000
2,700,000
3,000,000
3,300,000
PMG Volume Weighted Average Price
Perth Mint Physical Spot Gold Average Price
Number of PMGs Traded
Te grap deonstrates tat te price o PmG tracks te Pert mints Australian gold price, ic is used in an
ining contracts as te AUD gold reerence price and is te price at ic psical gold can be transacted it
te Pert mint.
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GeNerAl MArkeT riSkS
Te general econoic and political cliate, general
oeents in local and international stock arkets,
preailing and uture econoic conditions, inestor
sentient, interest rates, and oter eents and actors
outside te control o Gold Corporation could all aect te
alue o our PmG.
Altoug te holder a exercise teir PmGs at an tie,
a PmG is a nancial instruent it no aturit. It a all
in price at or beore it is exercised or oterise expires. Te
arket alue o our PmGs ill be deterined b arket
conditions, including:
(a) te olatilit o te oer-te-counter gold and oreign
excange arkets; and
(b) te liquidit o te oer-te-counter gold and oreign
excange arkets.
Canging arket conditions a cause a cange in te
PmGs price on te ASX.
Gd Pc and excang rat vatt rss
Gold generall is traded internationall in US dollars (USD).
As PmG ill be traded on te ASX in Australian dollars
(AUD), our PmG inestent ill be aected b oeents
bot in te AUD/USD excange rate and te USD gold price.
Increases in te AUD gold price a arise ro increases
in te USD gold price and/or decreases in te AUD/USD
excange rate.
Te graps on te olloing page a assist ou to decide
eter ou is to inest in PmG. Te so Te Pertmints aerage dail AUD gold price and London Am USD
x gold price since 1975 and te wm/Reuters Australian
Dollar 4p Reerence Rate (orerl te hedge Settleent
Rate) since 1992. hoeer te graps belo do not take
into account an ees associated it an inestent in
PmG. Te are istorical trends onl and are not necessaril
indicatie o te uture perorance o te USD gold price,
AUD/USD excange rate, AUD gold price or an inestent
in PmG.
Wd ents
world eents suc as terroris, ar, political and econoic
trends, can all ae an ipact on te arket price o gold
and te AUD/USD excange rate and ence te arket
alue o PmG.
Te USD gold price can fuctuate signicantl in response to
inestor sentient, industrial deand, ine suppl, central
bank policies, and oter actors outside te control o Gold
Corporation.
Te AUD/USD excange rate is also olatile. It can fuctuatein response to canges in Australias econoic enironent,
political cliate, stock arket perorance, interest rates,
and oter eents and actors outside te control o Gold
Corporation.
Inestors interested in urter inoration on te aboe data
sould isit te inestent section o Gold Corporations
ebsite at .pertint.co.au ere Te Pert mints
extensie istorical records o precious etal spot prices,
excange rates, London ix prices and interest rates a be
accessed ree o carge.
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Te alue o inestents can go up and don. Past perorance is not necessaril indicatie o uture perorance.
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rs Nn-pmanc Gd Cpatn
wile Gold Corporation ill ull coer eac PmG it
psical gold oned b Gold Corporation, holders o a
PmG ae no proprietar rigts or benecial interest in an
suc psical gold. Te PmG is an unsecured obligation o
Gold Corporation ranking equall it all oter unsecured
obligations o Gold Corporation. hoeer, as te liabilities
o Gold Corporation, including its obligations under te
PmG Ters, are guaranteed b te Goernent o western
Australia under te Gold Corporation Act 1987, an suc
ailure b Gold Corporation to ull coer eac PmG eans
tat ou ultiatel ae an exposure to te Goernent o
western Australia.
Te States AAA credit rating as at te date o tis PDS
a cange ro tie to tie in response to canges
in its econoic perorance. An suc cange in te
States credit rating a aect te perceied strengt o
Goernent Guarantee entioned aboe.
rs Cangs n t PMG Managmnt
Te PmG manageent ee ill ar oer te lie o tePmGs because storage, insurance, ChESS, registr and
oter anageent costs ill cange. wile te PmG
manageent ee ill be xed until 31 Deceber 2010,
Gold Corporation a increase te PmG manageent
ee in subsequent periods i te costs associated it
te operation o PmG increase or Gold Corporation as
underestiated tese costs. Gold Corporation ill gie
holders tree onts ritten notication o an cange in
te PmG manageent ee.
excs dsctn Gd Cpatn
Te PmG Ters coner discretions on Gold Corporation
regarding PmG Exercise. Te exercise or non-exercise
o tese discretions could aect adersel te alue o
te PmG. you do not ae te poer to direct Gold
Corporation concerning te exercise o an discretion.
Tese discretions include, but are not liited to, tose set
out in clauses 7.3, 9.1, 12.1(c), 13.2 and 19.1 in te Ters
contained in Part 6 o tis PDS.
Sspnsn tadng ASX
ASX as te operator o te AQUA trading plator as te
discretion to alt or suspend trading o an AQUA Product
in accordance it te proisions o te ASX market Rules.
Nw AquA tadng mat
Te AQUA trading arket is a ne acilit and potential
aults in te ASX AQUA Rules and AQUA trading plator
a result in teporar disruptions, unorseen eents or
canges to te AQUA trading arket.
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TAx SUMMARy4
SuMMAry o TAX iMPliCATioNS
Taxatn fnanca aangmnts
Diision 230 o te Incoe Tax Assessent Act 1997
contains te nal stages o te taxation o nancial
arrangeent (TOA) reors.
Diision 230 applies to nancial arrangeents tat a
taxpaer starts to ae on or ater 1 Jul 2010 (altoug
taxpaers a ae elected in earl or te incoe ear
coencing on or ater 1 Jul 2009). various exclusions
exist under te proisions. or exaple, nancial
arrangeents eld b indiiduals, superannuation entities
and anaged inestent scees ere te assets eld are
less tan $100 illion and Australian depositor institutions
it an aggregated turnoer o less tan $20 illion are
excluded proided te nancial arrangeents eld are not
qualiing securities or are qualiing securities tat ill end
not ore tan 12 onts ater te tie o acquisition.
In tis regard, it is considered tat a PmG sould not be
regarded as a qualiing securit.
As te taxation prole o eac holder is dierent, eac
holder sould seek teir on independent taxation adice.
Caactsatn PMG ncm tax ppss
Diision 16E o Part I II o te 1936 Tax Act applies to tax te
older o qualiing securities on an accruals basis. It is
considered tat a PmG is not a securit as dened or te
purposes o Diision 16E. Consequentl, Diision 16E does
not appl to a PmG.
Sections 26BB and 70B o te 1936 Tax Act treat (broadl)
an gains or losses on te redeption or disposal o a
traditional securit as ordinar incoe or losses. As a PmG
is an option to acquire gold bullion, it is not a securit as
dened and so sections 26BB and 70B ill not appl on te
disposal or redeption o a PmG.
iNTroDuCTioN
Te olloing suar o Australian tax iplications as
been prepared b Baker & mcKenzie or inclusion in tis
Product Disclosure Stateent issued b Gold Corporation
in relation to te proposed oer o Pert mint Gold
(PmG). A ore detailed discussion on te Australian tax
iplications is aailable ro Gold Corporation and appears
on te inestent section o Gold Corporations ebsite
.pertint.co.au.
Tis discussion is a general guide to te ke Australian tax
iplications arising or an Australian resident indiidual
taxpaer o acquires PmGs and olds te on capital
account. Tis suar is not releant or holders o old
a PmG on reenue account or as trading stock. Accordingl,
tis discussion does not appl to holders o acquire a
PmG in carring on a business o trading or dealing in
securities or gold.
Tis discussion is necessaril general in nature and does
not take into account te specic taxation circustances
o eac indiidual holder. Potential holders sould not rel
on tis suar and sould seek teir on independent
adice on te taxation iplications releant to teir on
circustances beore aking an inestent decision.
Te aendents ade to te Product Disclosure Stateent
dated 7 ma 2003 do not ae a aterial ipact on te tax
discussion originall proided.
Eac holder sould be aare tat te ultiate
interpretation o te taxation la rests it te Courts and
tat te la, and te a te Coissioner o Taxation
adinisters te la, a cange at an tie.
In tis discussion, te 1936 Tax Act eans te Incoe
Tax Assessent Act 1936 and CGT reers to te capital
gains tax proisions contained in te Incoe Tax Assessent
Act 1997 (1997 Tax Act). Capitalised ters used in tis
suar tat are not dened in tis suar ae te
sae eaning as in te Product Disclosure Stateent.
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unt Tsts
Broadl speaking, Diision 6C o Part III o te 1936 Tax Act
taxes public trading trusts as i te ere copanies. I a
holder is a unit trust tat is not a public trading trust beore
inesting in te PmG, ten te inestent in te PmG ill
not o itsel cause te holder to becoe a public trading
trust.
Unit trusts o coplete an Exercise Notice and take
delier o te gold ill be olding psical gold bullion
and not a nancial instruent. Te olding o psical
gold bullion is not an eligible inestent business or te
purposes o Diision 6C o Part III o te 1936 Tax Act.
ext mcansm Capta gans tax mpact
Sale o PmG on ASX Disposal o PmG is a taxable CGT eent. Discount a be aailable i PmG eld or
ore tan 12 onts.
Psical Settleent No CGT eent. Costs o acquisition and exercise o PmG becoe part o cost base ote gold.
Cas Settleent Cancellation o PmG on te Cas Settleent is a taxable CGT eent, it te CasSettleent Aount being te capital proceeds or CGT purposes.
/rdctn Capta gans tax mpact
PmG manageent ee Not deductible in te ear in ic it is incurred.
ors part o te cost base o te PmG. Can be utilised to reduce an capital gain onte disposal or cancellation o te PmG.
Does not or part o te reduced costs base o te PmG and so cannot increase an
capital loss on disposal or cancellation o a PmG.
Not a cost o acquiring or exercising te PmG. will not becoe part o te cost base oan psical gold a holder acquires troug exercising te PmG.
PmG Trading ee Te PmG Trading ee paid b a holder en purcasing a PmG on te ASX is added tote holders cost base in te PmG.
Te PmG Trading ee ic is receied en a holder sells a PmG on te ASX increaseste capital proceeds or CGT purposes receied b a holder on a disposal o te PmG.
Cas Settleent Is not a separate ee carged b Gold Corporation. It reduces te capital ReductionAount proceeds or CGT purposes receied b a holder on a Cas Settleent.
CGT impcatns
or CGT purposes, a PmG is a CGT asset. Te CGT asset is te option itsel and not te Underling Parcel (tat is, gold).
Please reer to te Capital gains tax section in te detailed discussion aailable ro Gold Corporation or ore detail o
te CGT consequences suarised belo.
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CoNSeNTS
Baker & mcKenzie, solicitors, as gien its ritten consent
to being naed as aing acted as solicitors to Gold
Corporation in connection it Pert mint Gold pursuant
to tis PDS. Baker & mcKenzie as gien its ritten consent
to being naed as aing acted as tax adisers to Gold
Corporation in connection it Pert mint Gold pursuant
to tis PDS and to te inclusion o te taxation suar in
tis PDS in te or and context in ic it appears. Baker
& mcKenzie take no responsibilit or an part o tis PDS
oter tan te tax suar. Baker & mcKenzie does notake an stateent in tis PDS nor does an stateent
erein purport to be based on a stateent ade b Baker &
mcKenzie. Baker & mcKenzie as not autorised or caused
te issue o tis PDS.
intsts expts and Adss
No expert and no r in ic an expert is a partner, as at
te date o tis PDS an aterial interest in connection it
te oration or prootion o eiter Gold Corporation or
te PmG. Baker & mcKenzie ill receie legal ees or teir
proessional serices in connection it tis PDS as solicitors
to Gold Corporation.
Dct and ratd entt intsts
Neiter Gold Corporation nor its related bodies corporate,
nor an director or proposed director o Gold Corporation,
nor an r in ic a director or proposed director o
Gold Corporation is a partner, as, at te date o tis PDS,
an aterial interest in connection it te oration or
prootion o eiter Gold Corporation or te PmG.
CONSENTS AND DISCLOSURES5
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PerTh MiNT GolD (PMG)
Ters o te PmGs: Te PmGs are issued b Gold
Corporation (te Issuer) to GoldCorp Australia
(GoldCorp) as subscriber. Gold Corporation as issued te
PmGs to GoldCorp under te olloing Ters:
1. Tt and tans PMG
1.1 Te Issuer ill grant te releant PmGs to te
subscriber in return or te subscriber paing
consideration to te Issuer.
1.2 Te PmGs ill be ChESS Approed Securities.
Certicates ill not be issued to holders.
1.3 PmGs are transerable in accordance it te ASX
market Rules and ASTC Settleent Rules.
1.4 Title to a PmG ill pass to a holder upon registration
o a transer o te PmGs in te Register. No PmG
transaction a take place on te ASX ater te close
o business on te Expir Date.
2. rgst PMGs
2.1 Te Issuer ust aintain a Register o PmGs, in
accordance it te ASX market Rules and te ASTC
Settleent Rules.
2.2 Te propert in te PmG, being te rigts conerred
on te holder under clause 4, is situated at te place
ere te Register is located.
2.3 Except as oterise proided in tese Ters, te
Issuer ust recognise te registered holder ro tie
to tie as te absolute oner o te PmG and all
persons ust act accordingl.
3. Stats PMGs
3.1 Te PmGs are unsecured obligations o te Issuer.
hoeer, te Issuer is a statutor autorit o te
Goernent o western Australia establised under
te Gold Corporation Act 1987. Under section
22 o te Gold Corporation Act 1987, te cas
equialent o gold due, paable and delierable b
Gold Corporation or GoldCorp is guaranteed b te
Treasurer, in te nae and on beal o te Cron in
rigt o te State.
3.2 Te Issuer ill ull coer eac PmG at all tiesuntil te Expir Date or until te holder gies a alid
Exercise Notice b buing and olding te releant
aount o gold in:
(a) te or o gold bars segregated psicall
ro an oter precious etal eld in Gold
Corporations aults; and/or
(b) in a psical unsegregated or in Gold
Corporations operations in Pert; and/or
(c) Gold Corporations London etal accounts.
4. Nat PMGs
4.1 Eac PmG:
(a) coners on te holder te rigt, but not te
obligation, to acquire te Underling Parcel ro
te Issuer, on giing te Issuer a alid Exercise
Notice electing Psical Settleent o te PmG;
and
(b) does not coner on te holder an rigt to orinterest in an Underling Parcel unless and
until te rigt in sub-clause (a) aboe is alidl
exercised; or
(c) coners on te holder te rigt, but not te
obligation, to obtain te Cas Settleent Aount
ro te Issuer, on giing te Issuer a alid Exercise
Notice electing Cas Settleent o te PmG.
5. excs PMGs
5.1 PmGs a be exercised at an tie beore te Expir
Date (see clause 12).
5.2 Te holder a exercise te PmG at an tie beore
5.00p Pert tie on te Expir Date b giing to te
Issuer a alid Exercise Notice.
5.3 were an Exercise Notice as been issued to exercise
a PmG under tis clause 5 and it is receied beore
5.00p Pert tie on a Business Da, te PmG is
deeed to be exercised on tat Business Da. were
te Exercise Notice is receied ater 5.00p Pert tieon a Business Da or a non-Business Da, te PmG is
TERMS AND CONDITIONS6
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deeed to be exercised on te next Business Da tatollos iediatel ater.
excs Ntc ica
5.5 An Exercise Notice gien to te Issuer cannot be
reoked.
vadt excs Ntc
5.6 An Exercise Notice is alid i and onl i:
(a) it is gien b te holder, or a person o clais to
be entitled to be registered as te holder, to te
Issuer; and
(b) te PmGs to be exercised ae not expired; and
(c) te holder elects eiter Cas Settleent or
Psical Settleent on its Exercise Notice; and
(d) ere te holder elects Psical Settleent on its
Exercise Notice:
(i) te holder as noinated an approed
Psical or or delier o te UnderlingParcel on its Exercise Notice; and
(ii) te holder elects a Psical Settleent etod
in accordance it clause 7; and
(iii) te holder as autorized te Issuer to redee
te nuber o PmGs necessar to pa or
te Psical Settleent ee beore deliering
te Underling Parcel. Te nuber o PmGs
to be redeeed ill be tat nuber tat
corresponds to te aount o te Psical
Settleent ee, calculated pursuant to te
London ix on te Exercise Date (or te earliest
London ix tereater i tere is no London
ix on te Exercise Date) diided b te wm/
Reuters Australian Dollar 4p Reerence Rate
on te Exercise Date (or te earliest wm/
Reuters Australian Dollar 4p Reerence Rate
tereater i tere is no wm/Reuters Australian
Dollar 4p Reerence Rate on te Exercise
Date) (te Redeeing PmGs);
5.7 I te nuber o PmGs included in te Exercise Notice
exceeds te nuber o PmGs eld b te holder,
te Exercise Notice is alid onl to te extent o tenuber o PmGs eld b te holder.
5.8 I ore tan one Exercise Notice is gien in respect o
a PmG, te alid Exercise Notice ill be te Exercise
Notice ic te Issuer knos or reasonabl beliees
as gien b te last o tose persons o becae
entitled to be te holder o tose PmGs beore 5.00
p Pert tie on te Exercise Date.
5.9 Te Issuers registrar ill certi to te Issuer tat a
person purporting to exercise PmGs is te holder o
te nuber o PmGs being exercised.
5.10 Te Issuer a deterine eter an Exercise Notice
is alid. An inalid Exercise Notice ill be oid. Te
Issuer ill proptl noti te holder tat an Exercise
Notice is inalid.
6. ect vad excs Ntc
6.1 I te holder coplies it clause 5:
(a) te Issuer ill undertake all acts necessar to
eect te settleent, on te Settleent Date, or
te nuber o PmGs exercised; and
(b) te PmGs tat are exercised ill expire.
7. Psca Sttmnt
7.1 On its Exercise Notice, te holder ust elect one onl
o te olloing to etods o Psical Settleent:
(a) in person i te holder elects to collect
te Psical or o te Underling Parcel
corresponding to te PmGs exercised in person,
te holder ust proide identication docuents
sucient to eet te requireents o te
legislations adinistered b AUSTRAC to proe
tat it is te holder o te PmGs; or
(b) te Issuers agent i te holder elects tis
option, te Issuer ill arrange sipent o te
holders Psical or o te Underling Parcel
to te holders registered address. Te holder
ust proide te Issuer and te Issuers agent
it identication docuents sucient to eet
te requireents o te legislations adinistered
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b AUSTRAC. Te holder a request, and teIssuer ill use its best endeaours to delier, at an
appropriate delier tie. Te holder agrees to
pa all sipent and insurance costs as part o te
Psical Settleent ee.
7.2 Te holder acknoledges tat:
(a) under clause 7.1(a), te Issuer is deeed to ae
deliered or caused to be deliered to te holder
te Psical or o te Underling Parcel, or te
purpose o clause 11.1, en te Issuer akes te
Psical or o te Underling Parcel aailable or
collection;
(b) under clause 7.1(b), te Issuer is deeed to ae
deliered or caused to be deliered to te holder
te Psical or o te Underling Parcel, or te
purpose o clause 11.1, en te Psical or o
te Underling Parcel is released b te Issuer ro
Te Pert mint;
(c) te purit o te Psical or o te Underling
Parcel deliered to te holder ill be no less tan99.50%;
(d) te Issuer is not obliged to oer sipent o
te Psical or o te Underling Parcel under
clause 7.1(b).
7.3 I te holder ails to take delier o its Psical
or o Underling Parcels itin 20 Business
Das o te Settleent Date, ten te Issuer, in its
absolute discretion, a sell te Psical or o te
Underling Parcels and pa to te holder te sale
proceeds ater deducting te Psical Settleent ee
(i tis as not alread been paid) and te Issuers costs
in selling te Psical or o te Underling Parcels
(including te costs o returning te Psical or to
te Issuer, i an) and aking a cas paent. Te
holder acknoledges tat tese costs (te Non-
Delier ee) a cange ro tie to tie. Te
Issuer agrees to noti te holder o te Non-Delier
ee in te Exercise Product & Price Scedule ro tie
to tie. Te holder agrees and acknoledges tat te
Psical Settleent ee ill not be reunded.
8. Cas Sttmnt
8.1 I te holder elects Cas Settleent on its Exercise
Notice, te Issuer ill pa te holder, in cleared unds,
te Cas Settleent Aount b bank transer to an
account in te holders nae as it appears on te
Register or ceque dran to te holders nae as
it appears on te Register and sent to te holders
address as recorded on te Register.
8.2 Te holder acknoledges tat under clause 8.1, te
Issuer is deeed to ae paid te Cas Settleent
Aount, or te purpose o clause 11.1, on te date
te bank transer is ade or ceque is sent or posted
to te holders address as recorded on te Register.
9. s
9.1 Notitstanding an o te ees described in tis
clause 9, te Issuer a aie an or all o tese ees
at te Issuers absolute discretion.
Psca Sttmnt
9.2 A holder ust pa te Psical Settleent ee i
te holder elects Psical Settleent on te Exercise
Notice. Te Issuer ill deterine te nuber o
PmGs tat correspond to te aount o te Psical
Settleent ee (te Redeeing PmGs).
9.3 Te Psical Settleent ee includes:
(a) abrication Carges, i applicable; plus
(b) sipent and reigt insurance costs, i applicable;
plus
(c) an applicable Taxes and Duties.
9.4 Te Issuer ill noti te holder te aount o
te Psical Settleent ee and te corresponding
nuber o Redeeing PmGs as soon as practicable
ater receipt o te holders Exercise Notice. At te
close o trading on te Exercise Date, te Issuer ill
redee te Redeeing PmGs. Te paent due
to te holder b te Issuer ater redeption o te
Redeeing PmGs ill be set o b te Issuer against
te outstanding Psical Settleent ee.
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PMG Managmnt
9.5 A holder ust pa te annual PmG manageent ee,
ic ill be deterined b te Issuer in accordance
it clause 9.6. Te Issuer ill gie te holder
tree onts ritten notice o an cange in te
PmG manageent ee. Te PmG manageent ee
becoes due and paable on 31 Deceber o eac
ear.
9.6 Te Issuer ill deterine annuall te nuber o
PmGs tat correspond to te aount o te PmG
manageent ee (te Redeeing PmGs). At te
close o trading on ASX on 31 Deceber o eac
ear, te Issuer ill redee te Redeeing PmGs.
Te paent due to te holder b te Issuer ater
redeption o te Redeeing PmGs ill be set o b
te Issuer against te outstanding PmG manageent
ee and ill constitute paent b te holder o
te PmG manageent ee. Te iniu PmG
manageent ee ill be 1 PmG.
9.7 As soon as possible ater te redeption o te
Redeeing PmGs, te Issuer ill gie te holder a
ritten notice setting out te aount o te PmG
manageent ee and te nuber o PmGs tat ae
been redeeed.
PMG Tadng
9.8 A holder acknoledges tat te market maker(s)
ill add a PmG Trading ee eac da to bot te
underling gold bid and ask prices o PmG as set
b te market maker(s) to preent a holder ro
attepting to aoid te PmG manageent ee bselling PmG iediatel beore 31 Deceber and
buing back ater tat date.
10. Tmnatn D Cntact
10.1 Te delier contracts arising under clause 7
terinate autoaticall at te close o business on
te Settleent Date unless te person o gae te
Issuer an Exercise Notice is registered as te holder o
te PmGs being exercised.
11. a t Pm
a iss t Pm
11.1 I te Issuer does not b te Settleent Date, or eac
miniu Exercise Set exercised, delier or cause to
be deliered to te holder, an Underling Parcel or
pa te Cas Settleent Aount, te Issuer ust, i
required in riting b te holder, eiter:
(a) delier to te holder 110% o te Underling
Parcel due on te Settleent Date; or
(b) pa to te holder te cas equialent o 110%
o te Underling Parcel calculated pursuant
to te London ix on te Exercise Date (or te
earliest London ix tereater i tere is no London
ix on te Exercise Date) diided b te wm/
Reuters Australian Dollar 4p Reerence Rate
on te Exercise Date (or te earliest wm/Reuters
Australian Dollar 4p Reerence Rate tereater
i tere is no wm/Reuters Australian Dollar 4p
Reerence Rate on te Exercise Date).
Acnwdgmnt
11.2 Te holder and te Issuer acknoledge to eac oter
tat te aount o daages calculated in accordance
it clause 11.1 is a genuine pre-estiate o te
daage tat te holder ould suer ro te ailure
o te Issuer to peror its obligations under clauses
6, 7 and 8 (iceer is applicable) and tat on te
receipt o a notice under clause 11.1 (in accordance
it Rule 10.12) o te market Rules, te Issuer is
relieed o its obligations under clauses 6, 7 and 8 and
its onl obligation is to ake te paents required
b clause 11.1
12. exp PMGs
12.1 A PmG expires under an o te olloing
circustances:
(a) en te Underling Parcel is transerred or te
Cas Settleent Aount is paid ater a alid
Exercise Notice as been gien to te Issuer; or
(b) en te holder gies te Issuer notice under
clause 11.1; or
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(c) six onts ater te date o a CAP announceentb te Issuer tat it is no longer oering te PmG
product, at te Issuers absolute discretion; or
(d) i te Issuer as bougt back all outstanding PmGs
so tat tere are no longer an holders recorded
and te Issuer noties te ASX tat te PmGs
ae expired.
12.2 I a PmG expires under clauses 12.1(c) and it as an
intrinsic alue, te Issuer ill pa to te holder te
intrinsic alue o te PmG, being te London ix on
te Business Da ater te Expir Date (or te earliest
London ix tereater i tere is no London ix on te
Business Da ater te Expir Date) diided b te
wm/Reuters Australian Dollar 4p Reerence Rate on
te Business Da ater te Expir Date (or te earliest
wm/Reuters Australian Dollar 4p Reerence Rate
tereater i tere is no wm/Reuters Australian Dollar
4p Reerence Rate on te Business Da ater te
Expir Date) less te Issuers costs and expenses in
storing and selling te gold.
ect PMG exp
12.4 wen a PmG expires, it is autoaticall and
peranentl cancelled and all rigts and obligations
created b or in respect o it are terinated except:
(a) in respect o an paent required under clauses
11.1 or 12.2; and
(b) or an oter rigts te holder a ae arising
out o a breac o te Ters b te Issuer.
13. Dang n PMGs iss
13.1 Te Issuer a at an tie deal in PmGs at an price
in te open-arket on its on account or troug its
market maker(s).
13.2 An PmGs purcased b te Issuer ill not be
cancelled autoaticall and a be resold, oeer,
te a be cancelled at te discretion o te Issuer.
14. t isss PMGs
14.1 Te Issuer a, it consent o te ASX, issue urter
PmGs aing te sae Ters as tese PmGs so as to
or a single series it tese PmGs.
15. Taxatn PMGs
15.1 Te Issuer is not liable or an Taxes and Duties arising
ro te onersip, transer or exercise o a PmG.
15.2 holders ust pa all Taxes and Duties in connection
it te onersip, transer and exercise o teir
PmGs.
16. c Maj
16.1 I a orce majeure as occurred and is continuing,
ten, subject to ASX consent, te obligations o te
Issuer under te PmGs ill be suspended and deerred
until te eent giing rise to te orce majeure ceases
to exist.
17. law Gnng PMGs
17.1 Te PmGs are goerned b te la o Ne Sout
wales.
18. Sspnsn PMG Tadng
18.1 Te ASX a, under te ASX market Rules, suspend
te PmGs ro trading.
19. Amndmnt Tms
19.1 Te Issuer a aend tese Ters ere:
(a) te aendent is autorised b a resolution o
holders; or
(b) subject to ASXs consent, te aendent isdesirable in te Issuers reasonable opinion to
copl it te la or rules or a requireent
o te ASX or oter goernental or regulator
bod; or
(c) te aendent is desirable to correct an
inconsistenc or error in tese Ters (but onl i
suc aendent does not, in te opinion o te
Issuer, prejudice te interest o te holders and te
ASX does not object to te aendent); or
(d) subject to ASXs consent, te Ters, in te
Issuers reasonable opinion, becoe ipossible or
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unorkable to copl it (or exaple, i teLondon Bullion market Associations Gold ixing,
or te oer-te-counter spot gold arket, ceases
to operate or exist); or
(e) tere are no longer an holders (except an
aendent to te Expir Date).
19.2 Te Issuer ust noti all holders in riting o a
proposed aendent togeter it a ballot paper.
19.3 holders a return ballot papers to te Issuer b
no later tan 20 Business Das ater te date o tenotice. Eac holder is entitled to one ote or eac
PmG eld.
19.4 A resolution is dul passed i 75% or ore o te
otes cast are in aour o te aendent. Te
registrar sall deterine te alidit o all ballot papers
and add togeter all o te otes cast on alid ballot
papers during te oting period.
19.5 I tere are no holders o te PmG oter tan
te Issuer, te Issuer ill proceed it te
aendent ater inoring te ASX and aking an
announceent oer te CAP.
19.6 Te Issuer or its associates ust not ote unless te
are oting as trustee or noinee or a person o is
not an associate.
19.7 An aendent ust be notied to te ASX.
20. Mat rs
20.1 All proisions o tese Ters are subject to an
contrar requireent ro tie to tie o te
ASX market Rules or, en applicable, te ASTC
Settleent Rules unless te ASX or, i appropriate, te
ASTC gies or as gien a aier or consent in respect
o te PmGs o an o tose rules.
21. St
21.1 All onetar obligations iposed on a holder under
tese Ters are:
(a) absolute; and
(b) ree o an rigt to counterclai or set o; and
(c) a onl be satised once te paent ascleared.
21.2 Te Issuer a:
(a) set o an aount paable to te Issuer or an
o teir agents b a holder against an aount
paable b te Issuer to te holder; and
(b) itold an aount paable b te Issuer or
an o teir agents to a holder in satisaction o
an aount paable to te Issuer or an o teir
agents b te holder.
22. Sc Dcmnts
22.1 A notice a be gien b te Issuer to an holder
eiter personall, b acsiile or electronicall to te
releant acsiile nuber or electronic address o te
holder as son on te Register or proided b te
holder, b sending it b post addressed to te holder
at its address as son in te Register or oterise b
an etod (including b adertiseent) as te Issuer
a deterine.
22.2 In te case o a holder ose registered address is
outside Australia, a notice sent b post ill be sent b
airail.
22.3 A notice a be gien b te Issuer to te joint
holders o a PmG b giing te notice to te joint
holder ose nae appears rst in te Register and
tat notice ill be sucient notice to all te joint
holders.
22.4 An notice b adertiseent ill be deeed toae been sered on te da o publication o te
nespaper containing te adertiseent.
22.5 An notice sent b post ill be deeed to ae been
sered on te da olloing te da on ic te
notice is posted unless sent b airail to an address
outside te countr in ic it as posted, in ic
case it ill be deeed to ae been sered on te
t da olloing te da on ic it is posted.
22.6. A notice sent b acsiile or oter electronic eans
ill be deeed to ae been sered on te sae da
tat it is sent.
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In tis PDS, unless te context requires oterise requires:
AquA rs eans te rules and raeork enabling
te quotation o structured products and anaged unds
on te AQUA arket operated b te ASX and contained in
Section 10A and 10B o te ASX market Rules;
ASTC eans te ASX Settleent and Transer
Corporation Pt Liited (ACN 008 504 532);
ASTC Sttmnt rs eans te operating rules o
ASTC or ChESS as aended ro tie to tie;
ASiC eans Australian Securities & Inestent
Coission;
ASX eans Australian Securities Excange Liited (ACN
008 624 691);
AuSTrAC eans Australian Transaction Reports &
Analsis Centre, te goernent agenc responsible or
ipleenting te legislatie requireents o te inancial
Transaction Reports Act (1988) (Ct) and te Anti-mone
Laundering and Counter-Terroris inancing Act
(2006) (Ct);
bsnss Da eans a da on ic banks are open or
business in Pert, Sdne and melbourne;
CAP Annncmnt eans an announceent ade on
ASXs Copan Announceent Plator;
Cas eant Amnt eans te cas equialent o
te Underling Parcel corresponding to te PmGs exercised
calculated pursuant to te London ix on te Exercise Date
(or te earliest London ix tereater i tere is no London
ix on te Exercise Date) diided b te wm/Reuters
Australian Dollar 4p Reerence Rate on te Exercise Date
(or te earliest wm/Reuters Australian Dollar 4p Reerence
Rate tereater i tere is no wm/Reuters Australian Dollar
4p Reerence Rate on te Exercise Date);
Cas Sttmnt eans en te holder elects to
receie te Cas Settleent Aount in accordance it
clause 8;
Cas Sttmnt Amnt eans te Cas Equialent
Aount less te Cas Settleent Reduction Aount;
Cas Sttmnt rdctn Amnt eans an
aount o $100, or suc oter aount deterined bGold Corporation ro tie to tie, deducted ro te
Cas Equialent Aount to calculate te Cas Settleent
Aount;
CheSS eans te Clearing house Electronic Subregister
Sste operated b te ASX;
Cpatns Act eans te Corporations Act
(Ct) 2001;
excs Dat eans an tie beore te Expir Date
and specicall, te date on ic te holder deliers aalid Exercise Notice to te Issuer;
excs Ntc eans a notice in te or set out at te
end o te PDS eaded Exercise Notice;
excs Pdct & Pc Scd eans te exercise
product and price scedule aailable ro te Issuer or
te Issuers ebsite. An indicatie Exercise Product & Price
Scedule as at te date o tis PDS is set out in Part 12 o
tis PDS;
exp Dat eans te earlier o:
(a) te Settleent Date; or
(b) six onts ater te date o a CAP announceent b
Gold Corporation tat it is no longer oering te PmG
product;
acatn Cags eans te abrication carges per
gold bar or coin, oring part o te Psical Settleent
ee, as indicated in te Exercise Product & Price Scedule;
n Gd eans te aount o pure gold in a product;
c Maj eans an act o God, act o state
(oter tan te State o western Australia), ar,
sabotage, riot, insurrection, ciil cootion, national
eergenc (eter in act or la) strikes, lock-outs or
oter industrial disturbance, accidents, uncontrollable
delas in transportation, inabilit to obtain an necessar
equipent, acilities or qualied eploees or te eect
o an applicable las orders, rules or regulations (oter
tan tose o te State o western Australia) and an oter
atters beond te reasonable control o te Issuer andic preents te Issuer ro (a) ullling its obligations
INTERPRETATION7
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under tese Ters or (b) acquiring, storing or disposing ote gold coering te PmGs;
Gd Cpatn Act 1987 eans te Act o Parliaent
o te State o western Australia, being an Act to constitute
te Gold Corporation and proide or its unctions and te
conduct o its business;
GdCp eans GoldCorp Australia (ABN 49 230 812
547) a bod corporate created under te Gold Corporation
Act 1987;
hd eans a person ose nae appears in teRegister o PmGs ro tie to tie;
iss eans Gold Corporation (ABN 98 838 298 431);
lndn x eans te last USD London gold x per
tro ounce on a da (i an) as set b te ebers o te
London Bullion market Associations Gold ixing;
lndn Gd D ba is a gold bar tat conors
to te good delier specications o te London Bullion
market Association;
Mat Ma eans suc one or ore person(s) o
te Issuer appoints or te purpose o aking a arket in
te PmG;
Mat rs eans te market Rules o te ASX as
aended ro tie to tie;
Nn-D as te eaning gien to it under
clause 7.4;
PDS eans Product Disclosure Stateent or Pert mint
Gold Quoted Product dated 1 Jul 2010 tat replaces teProduct Disclosure Stateent or Pert mint Gold Quoted
Product dated 7 ma 2003;
Psca m eans eiter London Good Delier Bar or
an oter gold coin or bar product(s) ade aailable b te
Issuer or delier o te Underling Parcel upon exercise
o PmGs;
Psca Sttmnt eans en te holder elects
to take psical delier o te gold corresponding to te
holders PmGs in accordance it clause 7;
Psca Sttmnt Amnt eans te aount o
Psical or deliered under clause 7;
Psca Sttmnt eans te ee paable b te
holder on deliering to te Issuer an Exercise Notice electing
Psical Settleent in accordance it clause 9;
PMG eans te Pert mint Gold product being issued
under te PDS;
PMG Managmnt eans a ee carged eac
ear at te close o trading on ASX on 31 Deceber ic
coers te annual costs incurred b te Issuer in relation to
te PmG in accordance it clause 9;
PMG Tadng eans a ee carged b te market
maker(s) eac da to bot te underling gold bid and
ask prices o PmG to refect te tie alue o te PmG
manageent ee. Tereore, te PmG Trading ee
calculated into te price o PmG on 1 Januar ill be iger
tan te PmG Trading ee calculated into te price o PmG
on 30 Deceber;
rdmng PMG as te eaning gien to it under
clause 5.6(d)(iii), in respect o te Psical Settleent ee
and under clause 9.6, in respect o te PmG
manageent ee;
rgst eans a register o PmGs to be aintained in
accordance it clause 2;
Sttmnt Dat eans:
(a) or London Good Delier Bar, te 20t Business Da
ater te Exercise Date;
(b) or oter Psical ors, te date notied to te
holder b te Issuer; and
(c) or Cas Settleent, 5 Business Das ater te Exercise
Date;
Taxs and Dts eans an tax, dut, or oter carge
including GST arising ro onersip, transer or exercise o
a PmG;
Tms eans te Ters and Conditions ic are
contained in Part 6;
Tm St eans te Ter Seet distributed b te
Issuer and attaced to tis PDS;
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T Pt Mnt eans 310 ha Street, East Pert,western Australia 6004, or suc oter location as specied
b te Issuer;
undng Pac eans one undredt o a tro ounce
o ine Gold;
Waant rs eans te rules and raeork relating
to te quotation o arrants on te ASX and contained
Section 10 o te ASX market Rules; and
WM/rts Astaan Da 4pm rnc rat
eans te Australian oreign Excange CoitteesAustralian dollar reerence rate tat, as at te date o tis
PDS, is sourced ro page AUDIX on Toson Reuters.
Ters dened in te ASX market Rules or in te ASTC
Settleent Rules ae te sae eaning in tis docuent
unless te are specicall dened in tis docuent or te
context oterise requires.
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Gold Corporation ill onl collect personal inorationnecessar or te products or serices ou request. Te
inoration e obtain ro ou or oter people during te
course o anaging te PmG is required to anage our
inestent and copl it releant las.
we a use tis inoration to send ou details about Gold
Corporations oter precious etal and inestent products.
I at an tie ou are receiing inoration ro us about
our products and do not is to do so, please let us kno.
Gold Corporation a also disclose inoration about ou
to tird part serice proiders o assist Gold Corporationin its business operations and serice proision.
urter inoration about Gold Corporations priac
practices can be ound at .pertint.co.au.
I ou ae an queries, please contact Gold Corporation on
1300 651 465 or b ail to GPO Box m924, Pert, western
Australia 6843.
PRIvACy STATEMENT8
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ASX wa
Gold Corporation as applied or a aier ro ASX
market Rule 10A.2.2 ic ould oterise require tat
te guarantee proided b te Goernent o western
Australia in respect o te Gold Corporations obligations
under te PmGs Ters ust be unconditional and
irreocable and explicitl in aour o te PmG holders. In
act te guarantee is created b statute under section 22
o te Gold Corporation Act 1987, an Act o te western
Australian Parliaent, so it is not specicall expressed to be
unconditional, irreocable or in aour o te PmG holders.
Te ASX as granted te aier on te basis tat:
(a) te Statutor Guarantee is unconditional because it
does not place an qualications on te circustances
in ic te Treasurer o western Australia ill
guarantee te Issuers obligations;
(b) te Statutor Guarantee is in aour o a class o
persons ic includes, but is not liited to, te
AQUA Product holders (i.e., te PmG holders); and
(c) under coon la, te Statutor Guarantee cannot
be reoked in respect o an pre-existing obligations
o te Issuer tat ae accrued up to te date tat
suc reocation is purported to be ade.
or urter inoration on te wA Goernents guarantee,
see eading PmG is a wA Goernent Guaranteed
Product in part 1.
ADDITIONAL INORMATION9
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PMG iss
Pert mint Buildings
310 ha Street
East Pert,western Australia 6004
Postal Address:
GPO Box m924, Pert
western Australia 6843
Telepone: 1300 651 465
acsiile: (08) 9221 7074
website: .pertint.co.au
PMG rgsta
Coputersare Inestor Serices Pt Liited
Leel 2, 45 St Georges Terrace
Pert,western Australia 6000
Postal Address:
GPO Box D182, Pert
western Australia 6840
Telepone: (08) 9323 2000 or 1300 55 70 10 (itin
Australia)
acsiile: (08) 9323 2033
website: .coputersare.co
bans
westpac Banking Corporation
Mnst
honourable Colin Barnett mEc mLA
Preier o western Australia; Treasurer; minister or State
Deelopent
STATuTe
Gold Corporation as establised under te Gold
Corporation Act 1987.
DIRECTORy - CONTACTDETAILS0
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y gd t t excs Ntc
you can coose one o to exercise options: psical
(delierable) gold or cas.
oPTioN 1: PhySiCAl SeTTleMeNT
I ou is to take delier o te gold represented b our
PmGs (Psical Settleent), ou ust:
(a) send te Exercise Notice to Gold Corporation:
(i) noinating te psical or, nael te quantitand tpe o coin or bar product(s) in ic ou
is to take delier o te gold represented b
our PmGs;
(ii) autorising Gold Corporation to redee te
nuber o PmGs necessar to pa or te Psical
Settleent ee;
(iii) noinating te collection etod or psical
delier o te gold; and
(b) old a sucient nuber o PmGs to coer:
(i) te nuber o PmGs required or te coin or bar
product(s) ou ae cosen; and
(ii) te Psical Settleent ee.
Subject to our copliance it (a) and (b) aboe, Gold
Corporation ill ake te gold represented b our PmGs
aailable or collection at Te Pert mint b te Settleent
Date.
excs Pdct & Pc Scd
PmG gold is delierable in a nuber o ors. One o te
ors in ic gold is traded internationall and in ic
PmG gold can be deliered to ou is London Good Delier
Bars. London Good Delier Bars eig approxiatel 400
tro ounces and ae a purit o at least 99.50%.Te purit
and eigt a ar sligtl beteen te bars.
Gold Corporation also abricates gold into oter
internationall acceptable bar and Australian legal tender
coin ors in arious saller sizes. Gold Corporation ill
ake tese products aailable as delierable ors or PmG
under te Ters o tis PDS. I ou is to ae one o
tese ors deliered to ou, an additional aount ill bepaable because o te iger abrication cost o conerting
London Good Delier Bars into tese ors.
or te purposes o illustration, assue ou are a holder
o 100 PmGs and ou coose to exercise tese 100 PmGs
b electing psical settleent and noinating a 1ozt bar
99.99% as te psical or to be deliered to ou. In tis
case, Gold Corporation ill treat te 0.9999 tro ounces
o ne gold as rounded up to 1 tro ounce o ne gold or
te purpose o our exercised PmGs and ill abricate and
delier te gold to ou in tis or. A list o all delierableproducts (including te London Good Delier Bar) and
teir corresponding abrication Carges ill be detailed in
an Exercise Product & Price Scedule aailable ro Gold
Corporation or its ebsite. An indicatie Exercise Product
& Price Scedule as at te date o tis PDS can be ound
in Part 12 o tis PDS. Gold Corporation reseres te rigt
to cange te products listed on tis Scedule, and te
abrication Carges or eac product, ro tie to tie.
Psca Sttmnt
I ou elect psical settleent o our PmGs, ou ill incur
a Psical Settleent ee to coer te cost o deliering
psical gold to ou, ic ill include:
(a) abrication Carges, i applicable;
(b) sipent and reigt insurance costs, i applicable;
and
(c) an applicable Taxes and Duties.
Te Psical Settleent ee cannot be specied in tis
Product Disclosure Stateent in adance because it is
deterined b te psical or and collection etod ou
noinate in our Exercise Notice. or exaple, i ou is
to collect our psical gold ro Te Pert mint and select
a London Good Delier Bar, ten te Psical Settleent
ee (at te date o tis PDS) is $240.00. I ou select a 1oz
Australian Nugget legal tender gold coin, ten te Psical
Settleent ee (as at te date o tis PDS) ould be 5% o
te total ne gold o te coin (tat is, 5 PmGs).
you ill pa te Psical Settleent ee b autorising Gold
Corporation to redee tat nuber o PmGs corresponding
to te aount o te Psical Settleent ee.
ExERCISE PROCEDURE1
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Cctn Mtd Psca Gd
Te PmG represents loco Pert gold, ic eans tat
our gold ill be ade aailable or collection ro te
Registered Oce o Gold Corporation, located at Te Pert
mint, 310 ha Street, East Pert, western Australia b te
Settleent Date. Gold Corporation ill also oer te option
o aing our gold deliered to ou, but is not obliged to
do so.
On te Exercise Notice ou ust select one o te to
collection options described belo:
(a) In Person i ou coose tis option, our gold ill
be aailable or collection ro te Registered Oce
o Gold Corporation.
(b) via Gold Corporations Agent i ou coose
tis option Gold Corporation ill arrange delier
o our gold ia secure carrier to te address on
te records o PmGs Registr. Te sipent and
insurance cost ill be at our expense and ill be
added to te Psical Settleent ee. Please note
tat restrictions appl to te addresses secure carriersill delier to, details o ic ill be specied in te
Exercise Product & Price Scedule. or te purposes
o deterining perorance o Gold Corporations
delier obligations under te PmG Ters, delier ill
be deeed to ae been ade b Gold Corporation
at te tie our gold is released b Gold Corporation
ro Te Pert mint.
In bot cases, ou ill need to proide copies o sucient
identication required under te legislations adinistered
b AUSTRAC to establis our identit as te holder ote PmGs ou intend to exercise to Gold Corporation in
adance o delier. At te tie o collection, ou ust
so te originals o te preiousl supplied identication
docuents to Gold Corporation or its Agent beore our
gold ill be released.
I ou ail to take delier o our gold itin 20 Business
Das o te Settleent Date, ten Gold Corporation
reseres te rigt to liquidate our gold or its ine Gold
content (te Psical Settleent ee ill not be reunded)
and reit te cas to our noinated bank account lessan costs incurred b Gold Corporation in selling our
gold (including te costs o returning te gold to Gold
Corporation, i required) and aking a cas paent to ou(te Non-Delier ee). Tis Non-Delier ee ill be set
out in te Exercise Product & Price Scedule ro tie
to tie.
Sttmnt Dat
Gold Corporation ill ake te gold represented b our
PmGs aailable or collection at Te Pert mint b te
Settleent Date.
I, or exaple, ou noinate a London Good Delier
Bar as our psical or or delier, ten te Settleent
Date ill be 20 Business Das ater te Exercise Date. I
ou noinate an oter psical or, Gold Corporation
ill inor ou o te Settleent Date, ic ill depend
on Gold Corporations product