LRC Long View Resources to trade on TSX-V on Nov. 26
2004-11-25 16:45 ET - New Listing
The TSX Venture Exchange has accepted for filing Gotham Capital Corp.'s qualifying transaction described in its information circular dated Oct. 8, 2004. Effective at the opening, Friday, Nov. 26, 2004, the common shares of the company will commence trading on the TSX Venture Exchange.
The QT is non-arm's-length and consists of Gotham acquiring all of the issued and outstanding common shares of Long View Resources Corp., being 406,455 Class A common shares, in exchange for the issuance of 8,942,010 Class A common shares of Gotham at a deemed price of 11.7 cents per share for total deemed consideration of $1,046,215. Subsequent to the closing of the QT, Gotham and Long View amalgamated under the name Long View Resources Corp.
Gotham was classified as a capital pool company and was delisted on May 7, 2004, for failure to complete a qualifying transaction within 18 months of listing.
A total of 7,600,010 shares of amalgamated Long View will be subject to a the TSX-V Tier 2 value escrow agreement and released over a three-year period.
The exchange has been advised that the above transactions, approved by shareholders on Nov. 3, 2004, have been completed. For further information, please refer to the company's information circular dated Oct. 8, 2004.
Insider participation: Kevin Patterson, 1,850,010; Stephen Kent, 300,000; John Styles, 1.65 million; Wayne Lorch, 2.2 million
The company is classified as an oil and gas exploration, development and production company.
Capitalization: Unlimited common shares with no par value of which 11,442,010 common shares are issued and outstanding
Escrow: 7,600,010 common shares
Symbol: LRC
Cusip No.: 542894 10 0
Transfer agent: Olympia Trust Company of Canada