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Press release from Marketwire

Sentry Select Primary Metals Corp. (TSX:PME) files final prospectus for up to $75 million treasury offering

Friday, March 30, 2012

Sentry Select Primary Metals Corp. (TSX:PME) files final prospectus for up to $75 million treasury offering15:47 EDT Friday, March 30, 2012TORONTO, ONTARIO--(Marketwire - March 30, 2012) - Sentry Select Primary Metals Corp. (the "Company") is pleased to announce that it has filed a final short form prospectus in each province and territory of Canada, in connection with its treasury offering (the "Offering") of up to 8,361,204 Class A shares of the Company (the "Shares") for gross proceeds of up to $75 million. The Agents (as defined below) have been granted an over-allotment option to purchase an additional 1,254,180 Shares which, if fully exercised, would bring the total gross proceeds of the Offering to $86.25 million, before deducting the payment of expenses of the Offering by the Company. Offering PriceThe Offering is priced at $8.97 per Share, which reflects the Company's net asset value per Share of $8.56 as at March 28, 2012, plus the per Share fees and expenses of the Offering.Use of ProceedsSubject to the Company's investment restrictions, the Company intends to use the estimated net proceeds of the Offering to invest in securities in accordance with the investment objective and investment strategy of the Company.Sentry Select Primary Metals Corp.The Company provides investors with an opportunity to invest in an actively managed portfolio consisting primarily of securities of issuers that are engaged in the production and/or exploration of metal and minerals, with a current focus on gold issuers.AgentsThe syndicate of agents, led by CIBC World Markets Inc., and co-led by RBC Capital Markets, includes Canaccord Genuity Corp., BMO Capital Markets, National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Raymond James Ltd., GMP Securities L.P., Macquarie Private Wealth Inc., Desjardins Securities Inc., Dundee Securities Ltd., HSBC Securities (Canada) Inc., Manulife Securities Incorporated, Mackie Research Capital Corporation (the "Agents").Sentry InvestmentsSentry Investments Inc. ("Sentry") is a Canadian asset management company with approximately $7 billion in assets under management on behalf of Canadian investors. Sentry offers a diverse range of investment products including mutual funds, hedge funds, flow-through limited partnerships and other alternative investment products. Sentry was recognized as Canada's Best Equity Funds Group at the 2011 and 2012 Lipper Fund Awards and was one of only five companies in 2011 to receive the prestigious Brendan Wood International TopGun Asset Management Team Award.Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect," "intend," "will" and similar expressions to the extent they relate to the Company and/or Sentry. The forward-looking statements are not historical facts but reflect the Company's and/or Sentry's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Company and/or Sentry believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Company and/or Sentry undertake no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. For a complete disclosure record of the Company, please visit their profiles at offering is only made by prospectus. The final short form prospectus, dated March 29, 2012, contains important detailed information about the securities being offered. Copies of the final short form prospectus may be obtained from the Agents or is available electronically at Investors should read the prospectus before making an investment decision.FOR FURTHER INFORMATION PLEASE CONTACT: Investor Relations (broker/investor inquiries)Sentry Investments Inc.1-888-730-46231-416-364-1197 (FAX)