Baffinland to list 5,454,550 warrants on Jan. 31
2007-01-29 20:47 ET - Warrants Called to Trade
TSX bulletin 2007-0122
A total of 5,454,550 common share purchase warrants of Baffinland Iron Mines Corp. will be listed and posted for trading at the open on Wednesday, Jan. 31, 2007, under the following trading information:
Warrant symbol: BIM.WT
Warrant Cusip No.: 056620 11 5
Designated market-maker: Raymond James Ltd.
Other markets: None
The listing covers warrants forming part 10,909,100 units sold to the public at a price of $2.75 per unit pursuant to the terms of a prospectus dated Jan. 24, 2007. Each unit consists of one common share and one-half of a warrant. The units separated immediately upon closing of the public offering.
Each warrant entitles the holder to purchase one common share of Baffinland at a price of $5.50 per share at any time prior to 5 p.m. (Toronto time) on Jan. 31, 2012.
The warrants are governed by the terms of a warrant indenture to be dated Jan. 31, 2007, between Baffinland and Computershare Trust Co. of Canada as trustee. The warrant indenture provides for appropriate adjustments to the warrants in the event of stock dividends, subdivisions, consolidations and other forms of capital reorganization.
