TriNorth to list 132,021,000 warrants on Nov. 22
2007-11-20 18:26 MT - Warrants Called to Trade
TSX bulletin 2007-1641
Common share purchase warrants in respect of 132,021,000 common shares of TriNorth Capital Inc. will be listed and posted for trading at the open on Thursday, Nov. 22, 2007, under the following trading information:
Warrant symbol: TRT.WT
Warrant Cusip No.: 896677 11 9
Warrant trading currency: Canadian dollars
Designated market-maker: Research Capital Corp.
Other markets: None
The warrants will be issued upon exercise of 132,021,000 special warrants issued on Aug. 30, 2007, pursuant to a private placement at a price of 20 cents per special warrant, each special warrant exercisable, with no further consideration into one common share and one warrant. Each warrant entitles the holder to purchase one common share at a price of 24 cents at any time until 5 p.m. (Toronto time) on Oct. 10, 2010. After Oct. 10, 2008, in the event that the common shares trade on the Toronto Stock Exchange (or such other Canadian stock exchange on which the common shares may then be listed) at a weighted-average closing price of not less than 40 cents for a period of at least 20 consecutive trading days, the company shall be entitled to accelerate the exercise period of the warrants to a period ending at least 30 days from the date notice of such acceleration is provided to the holders of warrants.
The warrants are governed by the terms of a warrant indenture dated as of Sept. 14, 2007, between the company 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.
