Pine Cliff Energy rights offering
2007-09-21 14:36 MT - Rights Offering
The company has announced it will offer to shareholders of record on Oct. 3, 2007, rights to purchase common shares of the company. One right will be issued for each share held. Four rights and $1.10 are required to purchase one share. The expiry date for the rights offering is Oct. 25, 2007. As at Sept. 13, 2007, the company had 36,913,041 shares issued and outstanding.
Effective at the opening on Monday, Oct. 1, 2007, the shares of the company will trade ex rights and the rights will commence trading at that time on a when-issued basis. The company is classified as an oil and gas exploration company.
Summary
Basis of offering: four rights exercisable for one share at $1.10 per share
Record date: Oct. 3, 2007
Shares trade ex rights: Oct. 1, 2007
Rights called for trading: Oct. 1, 2007
Rights trade for cash: Oct. 23, 2007
Rights expire: Oct. 25, 2007
Rights trading symbol: PNE.RT
Rights Cusip No.: 722524 12 1
Subscription agent and trustee: Olympia Trust Company
Authorized jurisdiction(s): British Columbia, Alberta, Saskatchewan, Manitoba, Ontario
For further details, please refer to the company's rights offering circular dated Sept. 13, 2007.
The company's rights offering circular has been filed with and accepted by the British Columbia, Alberta, Saskatchewan, Manitoba and Ontario securities commission pursuant to the provisions of the British Columbia, Alberta, Saskatchewan, Manitoba and Ontario securities act.
AI
