ICS-t...TSE listing tomorrow
TORONTO STOCK EXCHANGE ("TSE-T") INTRINSYC SOFTWARE, INC. ("ICS-T") - TSE Bulletin 2001-0025; Intrinsyc Software, Original Listing
An application has been granted for the original listing in the Industrial category of 41,382,243 common shares, of which 31,568,605 common shares are issued and outstanding, and 9,813,638 common shares are reserved for issuance.
The common shares will be listed and posted for trading at the opening on Tuesday, January 9, 2001.
Other Markets: The common shares of the Company are currently listed on The Canadian Venture Exchange, Inc. ("CDNX").
Nature of Business: The Company develops software and hardware products and provides services that facilitate the development of Internet-enabled computing devices, and enhance the functionality of those devices, especially in terms of network connectivity and remote device management. Original equipment manufacturers, semiconductor vendors and software application developers use the Company's products and services to help bring these new Internet-enabled devices and their applications to market in a timely fashion.
- - 31,568,605 common shares
Reserved
- 1,500,000 common shares pursuant to the exercise of warrants issued pursuant to the exercise of the special warrants issued on September 13, 2000. Each warrant entitles the holder to purchase one common share at a price of $5.85 until March 13, 2002;
- 300,000 common shares pursuant to the Agents' compensation option exercisable at $4.50 per share until March 13, 2002;
- 150,000 common shares pursuant to warrants exercisable at $5.85 per common share until March 13, 2002 that are issuable upon the exercise of the Agents' compensation option;
- 6,076,138 common shares pursuant to the Company's Incentive Stock Option Plan of which 3,541,449 options to purchase common shares at exercise prices ranging from $0.59 to $5.30 are outstanding;
- 312,500 common shares pursuant to warrants issued on February 10, 1999 exercisable at $1.10 per common share until February 10, 2001;
- 1,175,000 common shares pursuant to warrants issued on July 19, 2000 exercisable at $2.50 per common share until July 19, 2002;
- 300,000 common shares pursuant to warrants issued on July 19, 2000 exercisable at $2.00 per common share prior to February 28, 2001 and at $2.30 per common share until February 28, 2002;
Recent Financing: Pursuant to the Company's prospectus dated December 8, 2000, the Company qualified for distribution 3,000,000 units that were issued upon the exercise of special warrants issued pursuant to a private placement on September 13, 2000 at a price of $4.50 per special warrant. Each Unit consisted of one common share and one-half of a Warrant. Each whole Warrant entitles the holder to acquire one common share at a price of $5.85 until March 31, 2002.
The Company will use the net proceeds from the private placement of approximately $12.52 million for general corporate purposes including expanding research and development, and sales and marketing activities. TEL: (416) 947-4700 |
