Oilexco to list on TSX on June 29
2005-06-27 20:56 ET - New Listing
TSX bulletin 2005-0753
An application has been granted for the original listing in the oil and gas category of 175,430,862 common shares of which 149,802,602 common shares will be issued and outstanding and 25,628,260 common shares are reserved for issuance.
An application has also been granted for the listing of 7,494,900 common share purchase warrants all of which will be issued and outstanding. There will be no warrants reserved for issuance.
Each warrant will entitle the holder to purchase one common at an exercise price of $1.65 at any time prior to 4:30 p.m. (Calgary time) on Dec. 22, 2005.
The common shares and the warrants of the company will be listed and posted for trading at the open on Wednesday, June 29, 2005. The company will be subject to the reporting requirements of Section 501 of the Toronto Stock Exchange company manual.
Common share symbols: OIL
Common share Cusip No.: 677909 10 3
Warrants symbol: OIL.WT
Warrant Cusip No.: 677909 11 1
Temporary market-maker: TD Securities Inc.
Other markets: The common shares of the company have been listed on the TSX Venture Exchange since March 16, 1994, and the warrants of the company have been listed on TSX-V since Jan. 21, 2004. The common shares and warrants will be delisted from TSX-V on Wednesday, June 29, 2005. The common shares of the company have been listed on the Alternative Investment Market of the London Stock Exchange since Dec. 17, 2003.
Listing statement No. 5607 is being prepared and the following constitutes information appearing in the statement.
Incorporation: Triple 8 Energy Corp., a predecessor company, was continued in Alberta on Feb. 24, 1994. On March 1, 1994, Triple 8 changed its name to Oilexco Inc.
Fiscal year-end: Dec. 31
Nature of business: The company is engaged in the exploration for and the acquisition, development, and production of oil and natural gas. The company's principal producing properties are the Balmoral and Glamis fields located in the United Kingdom Central North Sea and the Vocation/Jurassic Park project in Monroe county, Alabama. The company's principal exploration and development properties are located in the Outer Moray Firth basin of the U.K. North Sea, the Southern gas basin of the U.K. North Sea, Monroe county, Alabama, and Mountrail county, North Dakota.
Transfer agent and registrar: Computershare Trust Company of Canada at its offices in Calgary, Toronto and Bristol, England.
Share capital
Authorized: Unlimited common shares and 9,149,688 warrants
Issued: 149,802,602 common shares and 7,494,900 warrants
Reserved: 14,980,260 common shares issuable pursuant to the company's stock option plan;
7,494,900 common shares reserved pursuant to warrants outstanding, exercisable at a price of $1.65 per share until Dec. 22, 2005;
1,293,100 common shares reserved pursuant to warrants outstanding, exercisable at various exercise prices until dates ranging from July 20, 2005, until November, 2006; and
1.86 million common shares reserved pursuant to broker warrants exercisable at a price of $2.22 per share until June 27, 2006.
Dividends: The company has not paid any dividends and does not intend to pay any dividends in the foreseeable future.
