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Re: None

Sunday, 04/15/2007 1:32:19 PM

Sunday, April 15, 2007 1:32:19 PM

Post# of 286
Sprotts Moly Fund will have warrants trading.


Sprott Molybdenum Participation to list on TSX April 16

2007-04-12 18:02 MT - New Listing

TSX bulletin 2007-0485

An application has been granted for the original listing in the industrial category of 61,475,520 common shares of which 41,776,000 common shares will be issued and outstanding, and 19,699,520 common shares will be reserved for issuance upon completion of an initial public offering.

An application has also been granted for the listing of 18.9 million common share purchase warrants, all of which will be issued and outstanding upon completion of the offering.

Listing of the common shares and warrants will become effective at 5:01 p.m. on Friday, April 13, 2007, in anticipation of the offering closing on Monday, April 16, 2007. The common shares and warrants will be posted for trading at the open on Monday, April 16, 2007. Registration of interests in and transfers of the common shares and warrants will be made only through the book-entry system of CDS Clearing and Depository Services Inc. The common shares and warrants must be purchased, transferred and surrendered for retraction through a participant in the CDS book-entry system. Purchasers of common shares and warrants will not have the right to receive physical certificates evidencing their ownership of such securities. Additional information is contained in the company's prospectus dated April 4, 2007, which is available at www.sedar.com.

Common share symbol: MLY

Common share Cusip No.: 852067 10 7

Trading currency: Canadian dollars

Warrant symbol: MLY.WT

Warrant Cusip No.: 852067 11 5

Warrant trading currency: Canadian dollars

Temporary market-maker: GMP Securities LP

Incorporation: The company was incorporated under the Business Corporations Act (Ontario) by Articles of Incorporation dated Dec. 6, 2006. Pursuant to articles of amendment dated Feb. 20, 2007, the company changed its name from 2121196 Ontario Ltd. to Sprott Molybdenum Participation Corp. and removed the private company restrictions applicable to the company.

Fiscal year-end: Dec. 31

Nature of business: The primary investment objective of the company is to achieve capital appreciation by investing in securities of private and public companies that explore for, mine and/or process molybdenum and by investing in, holding, selling and otherwise transacting in all commercial forms of molybdenum. The company will use substantially all of the net proceeds of the offering to acquire the molybdenum assets.

Manager: Sprott Asset Management Inc.

Transfer agent and registrar: Equity Transfer & Trust Co. at its principal office in Toronto

Dividends: The company has not paid any dividends on its outstanding common shares. The board of directors from time to time, and on the basis of any earnings, the company's financial requirements and any other relevant factor, may consider paying dividends in the future if operational circumstances of the company permit, including earnings, cash flow, financial and legal requirements and business considerations.

Initial public offering: Pursuant to the prospectus, GMP Securities LP, Canaccord Capital Corp., Cormark Securities Inc., Fort House Inc., TD Securities Inc. and Dundee Securities Corp., as the agents are offering 36 million units at a price of $5 per unit. Each unit consists of one common share in the capital of the company and one-half of one warrant. Each whole warrant will entitle the holder to acquire one additional common share of the company at an exercise price of $7.50 per share at any time on or prior to the close on the date that is 24 months from the closing of the offering, after which time the warrants will be null and void.

Risk comes from not knowing what you're doing -
Warren Buffett
canadianwarrants.com/WarrantValues-Current.htm

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