Colossus Minerals to list on TSX on Feb. 13
2008-02-11 16:58 MT - New Listing
TSX bulletin 2008-0167
An application has been granted for the original listing in the mining category of 66,354,795 common shares and 10,483,400 common share purchase warrants of the company, of which 39,674,388 common shares and 8.6 million warrants will be issued and outstanding, and 26,680,407 common shares and 1,883,400 warrants will be reserved for issuance upon completion of a public offering.
Listing of the common shares and warrants will become effective at 5:01 p.m. on Tuesday, Feb. 12, 2008, in anticipation of the closing of the offering on Wednesday, Feb. 13, 2008. The common shares and the warrants, other than those which have not been distributed to the public, will be posted for trading at the open on Wednesday, Feb. 13, 2008.
The company is subject to the reporting requirements of Section 501 of the TSX company manual.
Additional information on the common shares and warrants may be found in the company's prospectus dated Feb. 6, 2008, which is available at www.sedar.com. Capitalized terms not otherwise defined are as defined in the final prospectus.
Common share symbol: CSI
Common share Cusip No.: 19681L 10 9
Trading currency: Canadian dollars
Warrant symbol: CSI.WT
Warrant Cusip No.: 19681L 20 8
Warrant trading currency: Canadian dollars
Temporary market maker: Independent Trading Group
Other markets: None
Incorporation: The company was incorporated under the Business Corporations Act (Ontario) on Feb. 9, 2006, as 2093688 Ontario Ltd. On May 10, 2006, it changed its name to the current form.
Fiscal year-end: July 31
Nature of business: The principal business of the companyis the acquisition, exploration and development of mineral resource properties in Brazil. The company's acquisition and exploration activities are currently focused on the Serra Pelada property. In addition, the company has entered into option agreements to acquire interests in the Sumidouro property and the Natividade property.
Transfer agent and registrar: Equity Transfer & Trust company at its principal office in Toronto, Ont.
Dividends: The company does not anticipate paying dividends in the foreseeable future.
Public offering: Pursuant to the terms of the prospectus, 17.2 million units are being offered to the public at a price of $1.25 per unit by GMP Securities LP, Macquarie Capital Markets Canada Ltd., Blackmont Capital Inc. and Evergreen Capital Partners Inc., as agents. Each unit consists of one common share and half warrant. In addition, the agents have been granted (i) an overallotment option to purchase up to 15 per cent of the number of units sold pursuant to the offering; and (ii) broker options entitling the agents to purchase 6 per cent of the number of units sold pursuant to the offering, including units sold pursuant to the exercise of the overallotment option. The units will separate immediately on closing of the offering.
Warrants: Each warrant will entitle the holder to purchase one common share at a price of $2.00 per share for a period of 36 months from the date of closing of the offering. The warrants will be governed by the terms of a warrant indenture dated Feb. 13, 2008, between the company and Equity Transfer & Trust Co. |
