World Gold Trust Services, LLC, wholly owned subsidiary of World Gold Council has proposed to offer securities of the Equity Gold Trust, an investment trust that will hold gold bullion and will issue Equity Gold Shares (the 'shares') in return for gold bullion.

World Gold Trust Services, LLC on Thursday announced that it has filed a Form S-1 registration statement with the US Securities and Exchange Commission for the proposed continuous offering of securities of the Equity Gold Trust, an investment trust that will hold gold bullion.

The Trust will issue Equity Gold Shares (the 'shares') in return for gold bullion, only following an order of the SEC declaring the registration statement effective. Subject to the notice of issuance, the shares will be listed on the New York Stock Exchange under the ticker 'GLD.'

UBS Warburg LLC will act as the sole underwriter for the purposes of the initial purchase of the Shares under this registration statement. HSBC Bank USA will act as the Trustee and the Custodian of the Equity Gold Trust.

World Gold Trust Services, LLC, is the sponsor of the Trust, and is a Delaware limited liability company, headquartered in New York.

It is a wholly owned subsidiary of the World Gold Council, a not-for-profit association registered under Swiss Law and headquartered in London.

A registration statement relating to these securities has been filed with the SEC, but has not yet become effective.