Blue Pearl to list 24,543,591 warrants Oct. 26
Blue Pearl Mining Ltd (C:BLE)
Shares Issued 50,842,528
Last Close 10/24/2006 $6.30
Tuesday October 24 2006 - Warrants Called to Trade
TSX bulletin 2006-1355
Further to Toronto Stock Exchange bulletin 2006-1333 dated Oct. 19, 2006, in anticipation of satisfaction of the escrow release conditions being satisfied (as defined in the short form prospectus dated Oct. 13, 2006, scheduled to occur during the morning of Thursday, Oct. 26, 2006, up to a total of 24,543,591 common share purchase warrants of Blue Pearl Mining Ltd. will be listed at the open on Oct. 26, 2006 under the trading information set out below, but will be halted from trading until such time as the TSX has been advised that the closing has occurred.
The subscription receipts will continue to trade on a regular settlement basis on Oct. 26, 2006. Once the closing has been confirmed to the TSX, a trader note will be issued to announce:
the time the warrants will be posted for trading; and
the halting from trading and subsequent delisting of the receipts.
Warrant symbol: BLE.WT.A
Warrant Cusip No.: 09578T 30 7
Designated market-maker: TD Securities Inc.
Transfer agent and registrar: Equity Transfer & Trust Co. at its principal office in Toronto
Other markets: None
At closing, each receipt will be exchanged, for no additional consideration, for one Blue Pearl common share and one-half of one warrant. A total of 41.86 million receipts were sold at $5.50 per receipt pursuant to the terms the prospectus. The prospectus also qualifies the distribution of 7,227,182 Blue Pearl common shares and 3,613,591 warrants to be issued and sold by Blue Pearl pursuant to the Thompson Creek Vendors' subscription.
Assuming the closing occurs, 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 from the closing of the prospectus offering of receipts. The warrants will be represented by one or more global certificates to be registered in the name of the Canadian Depository for Securities Ltd. (CDS). Beneficial interest in the global securities representing the warrants will be shown on, and transfers thereof will be effected only through, records maintained by CDS (Canadian Depository for Securities) and its participants. The warrants will be governed by the terms of a warrant indenture dated Oct. 23, 2006, between Blue Pearl and Equity Transfer & Trust Co. as trustee. The warrant indenture provides for appropriate adjustments to be made to the rights of the holders of warrants in the event of stock dividends, subdivisions, consolidations and other forms of capital reorganization.
© 2006 Canjex Publishing Ltd. |
