TORONTO, ONTARIO — (Marketwire) — 09/07/12 — Sprott Physical Gold Trust (the "Trust") (NYSE: PHYS)(TSX: PHY.U), a trust created to invest and hold substantially all of its assets in physical gold bullion and managed by Sprott Asset Management LP, announced today that it has priced its follow-on offering of 23,000,000 transferable, redeemable units of the Trust ("Units") at a price of US$14.84 per unit (the "Offering"). As part of the Offering, the Trust has gra