EarthFirst Canada to list on TSX Dec. 10
2007-12-07 18:48 MT - New Listing
TSX bulletin 2007-1721
An application has been granted for the original listing in the industrial category of up to 170,669,960 common shares and 29,646,500 warrants to purchase common shares of EarthFirst Canada Inc., of which up to 101,334,055 common shares and 25,101,500 warrants will be issued and outstanding, and up to 69,335,905 common shares and 4,545,000 warrants will be reserved for issuance upon completion of the initial public offering.
Listing of the common shares and warrants will become effective at 5:01 p.m. on Monday, Dec. 10, 2007, in anticipation of the closing on Dec. 11, 2007. The common shares and warrants will be posted for trading at the opening on Tuesday, Dec. 11, 2007.
Additional information on the common shares may be found in the prospectus dated Nov. 29, 2007, which is available at SEDAR.
The company is subject to the reporting requirements of Section 501 of the Toronto Stock Exchange's company manual.
Share symbol: EF
Share Cusip No.: 27032L 10 8
Share trading currency: Canadian dollars
Warrant symbol: EF.WT
Warrant Cusip No.: 27032L 11 6
Warrant trading currency: Canadian dollars
Temporary market-maker: GMP Securities LP
Other markets: None
Incorporation: The company was incorporated pursuant to the laws of Canada on Dec. 8, 2004.
Fiscal year-end: Dec. 31
Nature of business: The company is a developer, builder, owner and operator of wind power projects at various stages of development throughout Canada.
Transfer agent and registrar: The transfer agent and registrar for the common shares and warrants is Valiant Trust Company in the city of Calgary, and, as co-agent and registrar, BNY Trust Company in the city of Toronto.
Dividends: No dividends have been paid on the company's common shares during the past five years.
Warrants: Each whole warrant will be exercisable into one common share at a price of $2.60 at any time during the two-year period beginning on the date of closing of the offering. The warrants will be governed by the terms of a warrant indenture between the company and Valiant Trust Company, as warrant agent.
Initial public offering: Pursuant to the prospectus, the company is offering a maximum of 50,203,000 units (each unit consisting of one common share and one-half of one warrant) at a price of $2.25 per unit and a maximum of 10,401,370 common shares to be issued as flow-through shares within the meaning of the Income Tax Act (Canada) at a price of $2.60 per flow-through common share, through GMP Securities LP and Scotia Capital Inc., as co-lead underwriters, and National Bank Financial Inc., TD Securities Inc., Canaccord Capital Corporation, HSBC Securities (Canada) Inc., Orion Securities Inc. and Fraser Mackenzie Limited, as principals in the case of the units and agents in the case of the flow-through common shares.
