Resource World Magazine

18 www.resourceworld.com F E B R U A R Y / M A R C H 2 0 1 9 a daily basis to meet demand, the Mint has a fixed number of securities outstanding; their value can depart from the worth of the metal they represent based on the rise and fall of investor demand. Currently, the ownership of the ETRs is about 60% retail investors and 40% insti - tutional investors. The gold ETR was the largest IPO on the TSX in 2011, attesting to the interest among retail investors. Since then, the Royal Canadian Mint has had a couple of rights offerings and a $100 mil - lion private placement. "We certainly expect to issue more ETRs and are always open to private place- ments with large investors, family offices and institutions," says Caterina. 40TH ANNIVERSARY ONE-OUNCE GOLD MAPLE LEAF COIN To commemorate the 40th anniversary of the Royal Canadian Mint's Gold Maple Leaf coin, a special, limited volume release coin, sourced from Canadian mines, is available for sale after February 1, 2019. The Royal Canadian Mint's Gold Maple Leaf (GML) coins are among the world's most popular pure gold coins, with more than 25 million troy ounces sold since their introduction in 1979. The GML was also the first bullion coin to achieve the heightened standard of 9999 purity. All the one ounce 99.99% pure GML bullion coins dated 2019 will have three unique features for enhanced security – radical lines, a micro-engraved maple leaf and Bullion DNA™ Anti Counterfeiting Technology. Bullion DNA™ Anti-Counterfeiting Technology is an industry first that goes above and beyond coin authentication like no other. Every die used to produce GML coins is laser micro- engraved with an anti-counterfeiting security mark. The reg - istration process – digital non-destructive activation (DNA) technology – captures images encrypted with an algorithm signa- ture and stores these in the Mint's secure database. Combined with the proprietary Bullion DNA Reader and software, the coin's authenticity can be verified in an instant. In 2013, the Mint introduced a new and unique security feature to confirm the authenticity of its GML coins. Derived from the same security technology applied to Canada's $1 and $2 circulation coins, the GML security feature consists of a textured maple leaf, micro-engraved with laser technology on a small area of the reverse side of the coin. In the centre of this mark, visible under magnification, is the numeral "19", denoting the coin's year of issue. Radial lines in the 2019 GML's field have been precisely machined to within microns on the master tooling to ensure reproducibility from die to die and coin to coin. The uniqueness of the line width and pitch gives this coin a characteristic look, and creates a light-diffracting pattern that is specific to this coin. n INVESTMENT

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