TOL TOL.WT Trioil Ltd (C-TOL) - New Listing
Trioil shares and warrants to trade on TSX-V Dec. 19
Trioil Ltd TOL
Tuesday December 17 2002 New Listing
The company's initial public offering (IPO) prospectus dated Nov. 14, 2002, has been filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the Alberta, British Columbia and Ontario securities commissions on Nov. 15, 2002, pursuant to the provisions of the Alberta, British Columbia and Ontario securities acts.
The company will perform two closings on the prospectus. The first closing was announced in a press release dated Dec. 3, 2002. The second closing will occur on Thursday, Dec. 19, 2002.
The gross proceeds received by the company for the offering were $4,098,975 (2,986,611 units each consisting of one common share and one common share purchase warrant at 45 cents per unit and 5.51 million flow-through common shares at 50 cents per share).
The company is classified as an oil and gas exploration and development company.
Commence date: at the opening Thursday, Dec. 19, 2002, the common shares and share purchase warrants will commence trading on the TSX-V
Corporate jurisdiction: Alberta
Capitalization: unlimited number of common shares with no par value of which 9,296,611 common shares will be issued and outstanding after the second closing
Escrowed shares: 800,000 common shares
Transfer agent: CIBC Mellon Trust Company
Trading symbol: TOL
Cusip No.: 896719 10 1
Agent: Octagon Capital Corp.
Capitalization of warrants: 2,986,611 warrants will be issued and outstanding after the second closing
One common share purchase warrant entitles the holder to purchase one common share at 55 cents for a period of nine months from the date of closing and 60 cents for an additional nine-month period after the date of closing.
Warrant trading symbol: TOL.WT
Warrant Cusip No.: 896719 11 9
Greenshoe option: the agent has overallotted the offering to the extent of $98,975. The company has granted a greenshoe option entitling the agent to sell up to an additional $500,000 through the issuance of units or flow-through shares for a period of 30 days from the closing date.
Agent's option: 849,661 non-transferable unit purchase options at an exercise price of 45 cents per unit. Each unit consisting of one common share and one common share purchase warrant. One common share purchase warrant entitles the holder to purchase one common share at 45 cents for a period of 15 months from the date of closing.
For further information, please refer to the company's prospectus dated Nov. 14, 2002.
Company contact: Joseph Dutton
Company address: Suite 3200, 255 5th Ave. SW, Calgary, Alta., T2P 3G6
Company phone No.: (403) 265-5663
Company fax No.: (403) 243-6742
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