High Desert Gold Corp
2007-10-15 19:48 MT - New Listing
TSX bulletin 2007-1447
An application has been granted for the original listing in the mining category of 69.49 million common shares, of which 36 million common shares will be issued and outstanding and 33.49 million common shares will be reserved for issuance upon completion of an initial public offering.
An application has also been granted for the listing of 18.63 million common share purchase warrants, of which 15 million warrants will be issued and outstanding and 3.63 million warrants will be reserved for issuance upon completion of an initial public offering. Each warrant will entitle the holder to purchase one common share at a price of 65 cents until 5 p.m. (Toronto time) on Oct. 17, 2009. The warrants will be governed by the terms of a warrant indenture between the company and CIBC Mellon Trust Co. The warrant indenture provides for appropriate adjustments to the warrants in the event of stock dividends, subdivisions, consolidations and other terms of capital reorganization.
Listing of the common shares and warrants will become effective at 5:01 p.m. on Tuesday, Oct. 16, 2007, in anticipation of the public offering closing on Wednesday, Oct. 17, 2007. The common shares and warrants will be posted for trading on Wednesday, Oct. 17, 2007.
The company will be subject to the reporting requirements of Section 501 of the Toronto Stock Exchange company manual. Additional information on the common shares and warrants may be found in the final prospectus dated Oct. 9, 2007, which is available at www.sedar.com. Capitalized terms not otherwise defined are as defined in the prospectus.
Common share symbol: HDG
Common share Cusip No.: 42965Y 10 0
Common share trading currency: Canadian dollars
Warrant symbol: HDG.WT
Warrant Cusip No.: 42965Y 11 8
Warrant trading currency: Canadian dollars
Temporary market-maker: National Bank Financial Inc.
Other markets: None
Incorporation: The company was incorporated under the Canada Business Corporations Act by articles of incorporation dated April 10, 2007.
Fiscal year-end: Dec. 31
Nature of business: The company is a mineral exploration company that acquires and explores mineral properties, primarily gold, copper and silver in Mexico and the United States. The current principal properties of the company are the Canasta Dorada property in Mexico, and the Gold Lake and Monitor properties in the U.S.
Transfer agent and registrar: CIBC Mellon Trust Co. at its principal offices in Toronto, Ont.
Dividends: The company has never declared or paid any dividends on its common shares and does not intend to pay dividends in the foreseeable future.
Initial public offering: Pursuant to the prospectus, MGI Securities Inc. and Canaccord Capital Corp., as agents, are offering 30 million units to the public at a price of 50 cents per unit. Each unit consists of one common share and one-half of one warrant. In addition, the underwriters have been granted an overallotment option to purchase an additional 4.5 million units at a price of 50 cents per unit. The units will separate immediately upon closing of the offering.
