Pebble Creek Mining Ltd (C-PEB) - Qualifying Transaction
Broadcast Capital QT
2006-12-28 16:34 ET - Qualifying Transaction
Shares issued 2,750,002
From Qualifying Transaction (C-BCD) Broadcast Capital Corp
The TSX Venture Exchange has accepted for filing the company's qualifying transaction described in the filing statement dated Dec. 15, 2006, of the resulting issuer, Pebble Creek Mining Ltd. As a result, effective at the opening on Dec. 29, 2006, the trading symbol for the company will change from BCD.P to PEB, the shares of the company will resume trading and the company will no longer be considered a capital pool company.
The TSX Venture Exchange has accepted for filing a letter agreement dated effective Oct. 10, 2006, as amended Oct, 24, 2006, between the company and Pebble Creek Resources Ltd. providing for the acquisition by the company of all of the issued and outstanding shares of Pebble Creek by the company pursuant to a plan of arrangement. Pebble Creek's principal asset is a 100-per-cent interest in the Askot property located in the Pithoragarh district, state of Uttaranchal in Northern India. The principal base and precious metals being targeted are copper, lead, zinc, nickel, platinum group metals, diamonds, gold and silver.
The total consideration to be paid by the company consists of 16,387,521 common shares at a deemed value of 31 cents per share issued to shareholders of Pebble Creek. Of these shares 3,854,611 are subject to the provisions of a Form 5D Surplus Securities Escrow Agreement under the policies of the TSX Venture Exchange, and will be released over a 72-month period.
The TSX Venture Exchange has been advised that the above transaction has been completed. The full particulars of the company's acquisition of Pebble Creek are set forth in the filing statement, which has been accepted for filing by the TSX Venture Exchange and which is available under the Pebble Creek Mining Ltd. profile on SEDAR. |
