SWM-v...in the news:
Sherwood Mining 6,110,128 share offering approved
Wed 3 Apr 2002
Prospectus Approved
Effective Dec. 11, 2001, and as amended on March 5, 2002, the company's
prospectus dated December 7, 2001 was filed with and accepted by the
Canadian Venture Exchange and filed with and receipted by the British
Columbia, Alberta and Ontario securities commissions, pursuant to the
provisions of the British Columbia, Alberta and Ontario securities acts.
The prospectus offering (the offering) has closed.
Agents: Canaccord Capital Corporation, Dundee Securities
Corporation, and Haywood Securities Inc.
Offering: 4,373,628 flow-through units. Each flow-through unit
consists of one common share issued on a flow-through
basis and one-half of one regular A warrant. Each whole
regular A warrant entitles the holder to purchase one
common share
1,736,500 regular units. Each regular unit consists of
one common share and one-half of one regular A warrant.
Each whole regular A warrant entitles the holder to
purchase one common share
Unit prices: 30 cents per flow-through unit
25 cents per regular unit
Warrant price/term: 40 cents per share to 24 months from the closing date
Agents' warrants: The agents will be granted a non-transferable option to
purchase regular units in an amount equal to 10 per
cent of the units sold under the Offering at a purchase
price of 25 cents per regular unit, which will expire
18 months from the date of issuance
Greenshoe option: The agents may over-allot the units in connection with
this offering and the company has granted to the agents
an option to purchase additional units, up to 15 per
cent of the offering, at $2,574,800 gross, for a period
of 60 days from the closing of the offering |
