TORONTO, Dec. 7, 2015 /CNW/ - Central GoldTrust
("GoldTrust") (symbol: TSX - GTU.UN (C$) and GTU.U (US$); NYSE MKT
- GTU (US$)) announced today the removal of Brian E. Felske, Glenn
C. Fox, Bruce D. Heagle,
Ian M.T. McAvity, Michael A. Parente and Jason Schwandt as trustees of GoldTrust and the
appointment of Marc Faber,
James R. Fox, Sharon Ranson, John
Wilson and Rosemary Zigrossi
(the "Appointed Trustees") as trustees of GoldTrust. The removal
and appointment of trustees was made pursuant to a written
resolution of Sprott Asset Management Gold Bid LP, as the holder of
powers of attorney from unitholders owning approximately 55.11% of
the outstanding units of GoldTrust. The Appointed Trustees, in
addition to J.C. Stefan Spicer, who
was nominated as a trustee by Central Gold Managers Inc., the
administrator of GoldTrust, shall remain trustees of GoldTrust
until the next annual meeting of GoldTrust or until such trustees
cease to hold office prior thereto.
About Central GoldTrust
GoldTrust (established on April 28,
2003) is a passive, self-governing, single purpose trust,
which invests primarily in long-term holdings of gold bullion and
does not speculate in gold prices. At December 7, 2015, the GoldTrust units were 99.99%
invested in unencumbered, allocated and physically segregated gold
bullion. Units may be purchased or sold on the Toronto Stock
Exchange and NYSE MKT.
SOURCE Central GoldTrust