Urbana to list Series A warrants on July 12
2007-07-10 18:43 MT - Warrants Called to Trade
TSX bulletin 2007-0985
Series A warrants to purchase up to 16.13 million non-voting Class A shares of Urbana Corp. will be posted for trading at the open on Thursday, July 12, 2007, under the following trading information:
Warrant symbol: URB.WT.A
Warrant Cusip No.: 91707P 12 5
Designated market-maker: RBC Capital Markets
Other markets: None
The closing of the offering is expected to occur prior to the open on Thursday, July 12, 2007. In anticipation of such closing, the warrants will be listed at 5:01 p.m. on Wednesday, July 11, 2007, and, subject to the occurrence of the closing of the offering, the warrants will be posted for trading at the open on July 12, 2007.
The warrants will be issued as part of an offering of units at $3.10 per unit, each unit consisting of one non-voting Class A share and one-half of one Class A share purchase warrant pursuant to the terms of a short form prospectus dated June 29, 2007. Details of the prospectus offering are contained elsewhere in today's bulletins.
Each whole warrant will entitle the holder to purchase one Class A share at a price of $3.75 per share for a period of two years from closing.
The warrants will be governed by the terms of a warrant indenture to be dated as of July 12, 2007, between the company and CIBC Mellon Trust Co., as trustee. The warrant indenture will provide for appropriate adjustments to the warrants in the event of stock dividends, subdivisions, consolidations and other forms of capital reorganization.
