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Wallbridge Mining Company Ltd - Wallbridge Mining lists on the TSE Wallbridge Mining Company Ltd WM Shares issued 24,191,467 1899-12-30 close $0 Monday Jul 24 2000 TSE Bulletin 2000-0972 An application has been granted for the original listing in the mining category of 29,770,614 common shares, of which 24,191,467 common shares will be issued and outstanding and 5,579,147 common shares will be reserved for issuance upon completion of the public offering. Listing of the common shares will become effective at 5:01 p.m. on July 24, 2000, in anticipation of the public offering closing on July 25, 2000. The common shares, other than those which have not been distributed to the public, will be posted for trading at the opening on Tuesday, July 25, 2000. The company is subject to the reporting requirements of Section 502 of the exchange's general bylaw. Symbol: WM Cusip: 932397 10 2 Market maker: F. Greco, Griffiths McBurney & Partners Other markets: None Listing Statement No. 4921 is being prepared and the following constitutes information appearing in the statement: Nature of business: The company is engaged in the business of acquiring and exploring mineral properties. The company's key properties and options to acquire properties are the Sudbury project in Central Ontario and the Lake County project in Minnesota. The target minerals are nickel, copper and platinum group elements (PGEs). Transfer agent and registrar: Equity Transfer Services Inc. at its principal office in Toronto. Dividends: The company does not expect to pay any dividends in the foreseeable future. Co-sponsors: Dominick & Dominick Securities Inc. and Griffiths McBurney & Partners Initial public offering: Pursuant to the terms of a prospectus dated July 14, 2000, Dominick & Dominick Securities Inc., Griffiths McBurney & Partners and Dundee Securities Corporation, as underwriters, are offering 5,826,441 common shares of the company at a price of $1.50 per common share, and a further 1,917,846 flow-through common shares at a price of $1.70 per flow-through common share for net proceeds to the company of $11.16-million. Net proceeds to the company of $11.6-million will be used to continue exploration of its mineral properties and for general corporate purposes. The prospectus also qualifies for distribution common shares upon the exercise of special warrants as follows: 600,000 special warrants that were sold by the company on July 26, 1999, by way of a private placement by Dominick & Dominick Securities Inc. as agent, a further 1.05 million special warrants that were issued on July 26, 1999, on a non-brokered basis, and an additional 900,000 special warrants that were issued on Nov. 30, 1999, on a non-brokered basis. The special warrants were issued at a price of $1 per special warrant. Each special warrant will entitle the holder to receive on exercise 1.0 common share and 0.5 warrants for no additional consideration on or before July 26, 2000. Net proceeds from the special warrant placements was $2.50-million. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com | ||||||||||||
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