PME.wt
< Each warrant entitles the holder to purchase one Class A share of the company at a subscription price of $12 at any time on or before 4 p.m. (Toronto time) on June 30, 2009.>
Sentry Select Primary Metals to list on TSX June 14
2007-06-12 21:12 ET - New Listing
TSX bulletin 2007-0811
An application has been granted for the original listing in the industrial category of up to 20,125,000 Class A shares and up to 20,125,000 Class A share purchase warrants of Sentry Select Primary Metals Corp., of which up to 17.5 million Class A shares and up to 17.5 million warrants will be issued and outstanding, and up to 2,625,000 Class A shares and up to 2,625,000 warrants will be reserved for issuance upon completion of a public offering.
Listing of the Class A shares and warrants will become effective at 5:01 p.m. on Wednesday, June 13, 2007, in anticipation of the offering closing on Thursday, June 14, 2007. The shares and warrants, other than those which have not been distributed to the public, will be posted for trading at the open on Thursday, June 14, 2007.
The Class A shares and warrants will be sold to the public in the form of units at a price of $10 per unit. Each unit consists of a Class A share and one full warrant. The units will separate immediately upon closing of the offering.
Each warrant entitles the holder to purchase one Class A share of the company at a subscription price of $12 at any time on or before 4 p.m. (Toronto time) on June 30, 2009.
The warrants will be governed by the terms of a warrant indenture to be dated June 14, 2007, between the company and Computershare Trust Co. of Canada as trustee. The warrant indenture provides for appropriate adjustments to the warrants in the event of stock dividends, subdivisions, consolidations and other forms of capital reorganization.
The offering of Class A shares and warrants will be conducted through the book-based system administered by CDS Clearing and Depository Services Inc. Beneficial owners of Class A shares and warrants will not receive physical certificates evidencing their ownership. On the date of closing, the company will deliver to CDS a certificate evidencing the total number of Class A shares and warrants subscribed for under the offering. Class A shares and warrants must be purchased, transferred and surrendered for retraction only through a CDS participant and all rights of an owner of Class A shares and/or warrants must be exercised through, and all payments or other property to which such owner is entitled will be made or delivered by, CDS and the CDS participant through which the owner holds such Class A shares or warrants. Upon purchase of any Class A shares or warrants, the owner will receive only the customary confirmation.
Additional information on the Class A shares and warrants can be found in the final prospectus dated May 25, 2007, which is available on www.sedar.com.
Capitalized terms not otherwise defined are as defined in the final prospectus.
Class A share symbol: PME
Class A share Cusip No.: 81733D 10 5
Class A share trading currency: Canadian dollars
Warrant symbol: PME.WT
Warrant Cusip No.: 81733D 11 3
Warrant trading currency: Canadian dollars
Temporary market-maker: Orion Securities Inc.
Other markets: None
Incorporation: The company is a corporation incorporated under the laws of Ontario.
Fiscal year-end: Dec. 31
Nature of business: The company will invest in an actively managed portfolio consisting primarily of securities of mining and exploration issuers. For at least the first three years, the manager intends to focus on issuers that are engaged in the production of and/or exploration for uranium, nickel and molybdenum.
Transfer agent and registrar: Computershare Investor Services Inc. at its principal office in Toronto for the Class A shares, and Computershare Trust Co. of Canada at its principal office in Toronto for the warrants
Dividends: The company does not intend to pay regular dividends or other distributions, but may do so at the discretion of the manager from time to time.
Public offering: Pursuant to the terms of the prospectus, units are being offered to the public by Canaccord Capital Corp., National Bank Financial Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Raymond James Ltd., Blackmont Capital Inc., Dundee Securities Corp., GMP Securities LP, Richardson Partners Financial Ltd., Wellington West Capital Inc., Berkshire Securities Inc., Desjardins Securities Inc., Haywood Securities Inc., Jory Capital Inc., Industrial Alliance Securities Inc., MGI Securities Inc., Research Capital Corp. and Union Securities Ltd., as agents, at a price of $10 per unit.
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