Mecachrome International (MCH)

[december]

Mecachrome completes $205.6-million IPO


2007-10-19 10:33 ET - News Release

Ms. Elina Tea reports

MECACHROME INTERNATIONAL INC. COMPLETES ITS INITIAL PUBLIC OFFERING

Mecachrome International Inc.'s initial public offering of 14,687,500 subordinate voting shares, which has been priced at $14 per share on Oct. 12, 2007, was completed today. Gross proceeds raised in this offering amount to $205.6-million.

Of the 14,687,500 subordinate voting shares, 2,901,786, are being offered by Mecachrome's principal shareholder Arguiro Luxembourg and 11,785,714 are being offered by Mecachrome. The underwriters also have the option to purchase up to an additional 2,203,125 shares from Mecachrome. Mecachrome will not receive any of the proceeds from the sale of the shares being sold by Arguiro.

RBC Capital Markets and Merrill Lynch Canada Inc. are serving as joint book-runners with BMO Nesbitt Burns Inc., Scotia Capital Inc., UBS Securities Canada Inc., TD Securities Inc., GMP Securities L.P., National Bank Financial Inc., Desjardins Securities Inc., HSBC Securities (Canada) Inc. and Orion Securities Inc. serving as co-managers for the offering.

Mecachrome was represented by Ogilvy Renault LLP as to matters of Canadian and U.S. law and the underwriters were represented by McCarthy Tetrault LLP as to matters of Canadian law and Skadden, Arps, Slate, Meagher & Flom LLP as to matters of U.S. law.

[december]

Needs more attention

[december]

Mecachrome begins trading on TSX on when issued basis


2007-10-12 12:44 ET - New Listing

TSX bulletin 2007-1439

The following trader note was released by TSX on Friday, Oct. 12, 2007, at 10:33 a.m. (Eastern Time).

Further to TSX bulletin 2007-1436 dated Oct. 11, 2007, the subordinate voting shares of the Mecachrome International Inc. have begun trading on an if, as and when issued basis at 11 a.m. (Eastern Time) today, Friday, Oct. 12, 2007, under the symbol MCH, and Cusip No. 58345L 10 5. A total of 14,687,500 subordinate voting shares are to be sold to the public at a price of $14 per share pursuant to a prospectus offering that is scheduled to close before the opening on Friday, Oct. 19, 2007. Subject to the closing of the prospectus offering occurring as scheduled on October 19, 2007:


All trades in MCH in the if, as and when issued market on Oct. 12 and 15, 2007, will be for special settlement on Oct. 19, 2007, and will appear on the settlement report from CDS;
All trades in MCH in the if, as and when issued market on Oct. 16, 17 and 18, 2007, will be for special settlement, three business days after the trade date and will appear on the settlement report from CDS.

[december]

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