Blue Pearl Mining Ltd
Symbol BLE
Shares Issued 50,449,828
Close 2006-10-19 C$ 6.63
Recent Sedar Documents
Blue Pearl to list 36.4 million receipts on Oct. 23
2006-10-19 19:50 ET - Prospectus Approved
TSX bulletin 2006-1333
An application has been granted for the listing of 36.4 million subscription receipts of Blue Pearl Mining Ltd. which are to be sold at a price of $5.50 per receipt pursuant to the terms of a short form prospectus dated Oct. 13, 2006.
The closing of the prospectus offering of receipts is expected to occur prior to the open on Monday, Oct. 23, 2006. In anticipation of such closing, the receipts will be listed at 5:01 p.m. on Friday, Oct. 20, 2006, and, subject to the occurrence of the closing of the offering, will be posted for trading at the open on Monday, Oct. 23, 2006.
Receipt symbol: BLE.R
Receipt Cusip No.: 09578T 12 5
Designated market-maker: TD Securities Inc.
Transfer agent and registrar: Equity Transfer & Trust Company at its principal office in Toronto
Other markets: None
Each receipt entitles the holder thereof to receive one Blue Pearl common share and one-half of one Blue Pearl common share purchase warrant, without payment of additional consideration, upon satisfaction of the escrow release conditions (as defined in the prospectus), including closing of the acquisition by Blue Pearl of Thompson Creek Metals Co. and all of the conditions contained in the Thompson Creek acquisition agreement (as defined in the prospectus).
Each whole warrant will entitle the holder to purchase one common share at a price of $9 per share at any time prior to 5 p.m. (Toronto time) on the date that is five years after the closing of the offering. The Toronto Stock Exchange has conditionally approved for listing the warrants underlying the receipts subject to meeting all the requirements of the TSX. The TSX will issue a further bulletin if and when the warrants are issued announcing the commencement of trading of the warrants.
The receipts will be represented by one or more global securities to be registered in the name of the Canadian Depository for Securities (CDS) or its nominee. Beneficial interest in the global securities representing the receipts will be shown on, and transfers thereof will be effected only through, records maintained by the CDS and its participants.
If any of the escrow release conditions are not satisfied on or before 5 p.m. (Toronto time) on Nov. 30, 2006, or if Thompson Creek acquisition agreement is terminated prior to such time, holders of receipts shall be entitled to receive, commencing on the third business day following the termination time, for each receipt held, an amount equal to the full subscription price thereof and their pro rata portion of interest or other income thereon (less applicable withholding tax, if any). The receipts will be listed and posted for trading until the earlier of the satisfaction of the escrow release conditions, or the termination time or such other date as may be determined by the TSX. A trader note will be issued by the TSX confirming terms of either:
the satisfaction of the escrow release conditions and the commencement of trading of the warrants; or
the termination time, and the subsequent delisting of the receipts.
The holders of receipts are not shareholders of Blue Pearl and will have no voting rights or any other shareholder rights.
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