Primary Petroleum to list on TSX-V Sept. 18
2007-09-17 14:36 MT - New Listing
The company's initial public offering prospectus dated Aug. 17, 2007, has been filed with and accepted by TSX Venture Exchange, and filed with and receipted by the Alberta Securities Commission on Aug. 21, 2007, pursuant to the provisions of the Securities Act.
The gross proceeds received by the company for the offering were $8.63-million (8.5 million IPO units at $1 per unit, plus 130,000 overallotment units at $1 per unit). The company is classified as a junior natural resource -- oil and gas company.
Commence date: At the opening Sept. 18, 2007, the common shares and share purchase warrants will commence trading on the TSX Venture Exchange.
Corporate jurisdiction: British Columbia
Capitalization: unlimited common shares with no par value of which 35,648,317 common shares are issued and outstanding
Escrowed shares: 6,389,667 common shares
Transfer agent: Pacific Corporate Trust Company
Trading symbol: PIE
Cusip No.: 74161X 10 7
Agent: Canaccord Capital Corp.
Capitalization on warrants: 4,315,000 warrants issued and outstanding. Two share purchase warrants entitles the holder to purchase one common share at $1.35 to Friday, Sept. 18, 2009.
Warrant trading symbol: PIE.WT
Warrant Cusip No.: 74161X 11 5
Greenshoe option: The agent has overallotted the offering to the extent of 130,000 shares. The company has granted a greenshoe option entitling the agent/underwriter to purchase a total of 1,275,000 shares at a price of $1 up to 60 days after the closing date.
Agent's warrants: 680,000 non-transferable share purchase warrants. One warrant to purchase one share at $ 1.35 per share up to two years.
