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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture -- Ignore unavailable to you. Want to Upgrade?

To: okey who wrote (2682)	5/21/1999 8:15:00 PM
From: Andrew	Read Replies (3) \| Respond to of 15703

Kookaburra Resources Ltd - Kookaburra rights offering Kookaburra Resources Ltd KOB Shares issued 17,414,136 1999-05-21 close $1.29 Friday May 21 1999 TSE Bulletin 99-0625 Holders of common shares (symbol: KOB) of record as of the close of business on May 27, 1999, will be granted the right to subscribe for one additional common share for every eight common shares of the company held on such record date at a subscription price of 90 cents per share. The rights are evidenced by transferable rights certificates registered in the names of holders of common shares of record on the record date on the basis of one right for each common share held, eight rights and the sum of 90 cents being required to subscribe for one additional common share. The rights offering will expire at 4 p.m. (Toronto time) on June 17, 1999. The common shares of the company will commence trading on an ex-rights basis at the opening on Tuesday, May 25, 1999, at which time the rights will be posted for trading on a when issued basis. Symbol: KOB.RT Cusip No: 50050D 12 1 The rights offering is not being made in any Canadian jurisdiction other than Ontario and British Columbia nor is it being made in the United States or any of its territories or possessions thereof or in the United Kingdom. Rights certificates will not be forwarded to shareholders of record who are residents or citizens of the United States or in any of its territories or possessions or the United Kingdom (ineligible shareholders). The company will notify the ineligible shareholders that the rights certificates to which they are entitled will be issued to and held by Montreal Trust Company of Canada as agent for the account of such shareholders. Montreal Trust, prior to the expiry time, will attempt, on a best efforts basis, to sell such rights for their benefit. The net proceeds received by Montreal Trust pursuant to the sale of such rights will be divided pro rata among such ineligible shareholders in proportion to the number of common shares held respectively by them on the record date. Holders of rights certificates may subscribe for common shares by completing Form 1 on the face of the rights certificate and mailing or delivering the rights certificate so completed together with payment of 90 cents per share subscribed for to Montreal Trust at its principal office in Toronto or Vancouver so as to be received there prior to the expiry time. A holder of a rights certificate who has fully exercised all rights evidenced by such certificate will be entitled to subscribe for additional shares, if available, by completing Form 2 on the rights certificate and forwarding such certificate to Montreal Trust as indicated above so as to be received there prior to the expiry time, together with payment for the shares subscribed for under the basic subscription right and under the additional subscription privilege. If the total number of shares subscribed for under the additional subscription privilege exceeds the number of shares available, the shares will be allotted on a pro rata basis. If a participant in the additional subscription privilege is allotted a number of shares less than the number specified in Form 2 by such subscriber, Montreal Trust will refund the excess of the total subscription price paid by such participant. Fractional common shares will not be issued upon the exercise of rights. Subscriptions must be for whole common shares only. No step-up privilege will be available pursuant to this offering. It is anticipated that the rights offering circular and rights certificates will be mailed to shareholders on or about May 28, 1999. The company has not retained a soliciting dealer for this offering. No fee or commission will be payable directly or indirectly by the company for soliciting the exercise of the rights. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)