| | | Troilus Gold warrants to trade on TSX June 30
2021-06-28 23:30 ET - Warrants Called to Trade
The Toronto Stock Exchange reports that Troilus Gold Corp. common share purchase warrants will be listed and posted for trading at the open on June 30, 2021. According to the TSX, there will be 15,402,350 warrants issued. The warrants will trade under the symbol TLG.WT, in Canadian dollars and under Cusip No. 896887 12 2.
As stated in its short form prospectus dated June 24, 2021, the company will issue to the public 7,905,200 units at $1.10 per unit, 6,211,200 traditional flow-through (FT) units at $1.26 per traditional FT unit, 13,513,600 national FT units at $1.48 per national FT unit and 3,174,700 Quebec FT units at $1.89 per Quebec FT unit. Each unit will consist of one common share and one-half of a warrant of the company. Each traditional FT unit and national FT unit will consist of one common share issued as a flow-through share within the meaning of the Income Tax Act (Canada) and one-half of one warrant. Each Quebec FT unit will consist of one common share issued as a flow-through share within the meaning of the Tax Act and the Taxation Act (Quebec) and one-half of one warrant.
According to the TSX, the units, traditional FT units, national FT units and Quebec FT units will separate immediately upon the closing of the public offering, which is expected to occur at the open on June 30, 2021. Each whole warrant will entitle the holder to acquire one share of the company at $1.50 per share until 5 p.m. Toronto time on the date that is 24 months following the closing date of the offering. The TSX has issued a separate bulletin regarding the listing of the shares underlying the units.
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