Mond Industries rights offering
Mond Industries Inc
MII
Shares issued 35,855,000
1999-06-10 close $0.48
Friday Jun 11 1999
TSE Bulletin 99-0737
Holders of common shares of record as of the close of business on Thursday,
June 17, 1999, will be granted the right to subscribe for one common share of the
company for every four common shares held on such record date at a subscription
price of 31 cents per share. The rights are evidenced by transferable rights
certificates registered in the names of the holders of common shares of record on
the record date on the basis of one right for each common share held, four rights
and the sum of 31 cents being required to subscribe for one common share. The
rights will expire at 4 p.m. (Toronto time), on July 9, 1999 (the expiry time). The
common shares will commence trading on an ex-rights basis at the opening on
Tuesday, June 15, 1999, at which time the rights will also be posted for trading on
a when issued basis.
Symbol:
MII.RT
Cusip No.
608909 11 5
The offering of rights is made to all shareholders of the company other than those
resident in the United States of America or any territory or possession thereof or
in any Canadian jurisdiction other than in the provinces of Ontario, Alberta and
British Columbia. Shareholders of record resident in the United States or in
Canada outside the provinces of Ontario, Alberta and British Columbia will not
receive rights certificates. In lieu thereof, Equity Transfer Services Inc., as
depository for the rights offering, will use reasonable efforts to sell the rights and
the net proceeds, if any, will be mailed to shareholders. A registered shareholder
whose address of record is in the United States or in Canada other than in the
provinces of Ontario, Alberta and British Columbia but who holds common shares
on behalf of a holder who is eligible to participate in this offering must notify Equity
Transfer at its principal offices in Toronto, in writing, on or before the seventh day
prior to the expiry time if such beneficial holder is entitled to and wishes to
participate in this rights offering.
Holders of rights certificates may subscribe for common shares by completing
Form 1 on the rights certificates and delivering such certificates together with
payment of 31 cents per common share subscribed for to the principal office of
Equity Transfer in Toronto so as to be received there prior to the expiry time.
Fractional common shares will not be issued upon the exercise of the rights. Each
original holder of a rights certificate evidencing fewer than four rights will be
entitled to subscribe for one additional common share at the subscription price
without furnishing any additional rights (the step-up privilege). This step-up
privilege will be void and of no effect if the rights certificate is divided or combined
or if any of the rights evidenced by such rights certificates are sold, transferred or
assigned by the holder to whom such rights were originally issued, except that a
bank, trust company, securities dealer or broker which holds common shares on
June 17, 1999, for more than one beneficial owner may, upon providing evidence
satisfactory to Equity Transfer, exercise the rights evidenced by its rights certificate
or exchange its rights certificate on the same basis as if such beneficial owners
were shareholders of record on June 17, 1999.
A holder of rights certificates who has fully exercised all of the rights evidenced by
such certificates will be entitled to subscribe for additional common shares, if
available, at a price of 31 cents per common share. If the total number of common
shares subscribed for under the additional subscription privilege exceeds the
number of common shares available, the available common shares will be allotted
on a pro rata basis. The additional subscription privilege can be exercised by
completing Form 3 as well as Form 1 on the rights certificates and forwarding
such certificates to Equity Transfer at its office referred to above so as to be
received there prior to the expiry time. The subscription price for common shares
subscribed for under the additional subscription privilege must accompany the
rights certificate when the certificate is forwarded to Equity Transfer pursuant to
the initial subscription under the rights offering. As soon as practicable after the
expiry time, Equity Transfer will send to each shareholder who completed Form 3
certificates evidencing common shares allocated to such subscriber and will return
to such subscriber any excess funds paid.
It is anticipated that the rights offering circular and rights certificates will be mailed
to shareholders on or about June 18, 1999.
No soliciting dealer fee will be paid in respect of this offer.
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