Canadian Warrants

AMR to list 17,733,600 warrants on Aug. 31

2005-08-29 21:44 ET - Warrants Called to Trade

TSX bulletin 2005-0991

In anticipation of the occurrence of the closing of the acquisition by AMR Technologies Inc. of Magnequench, Inc., scheduled to occur during the morning on Wednesday, Aug. 31, 2005, a total of 17,733,600 common share purchase warrants of AMR Technologies will be listed at the open on Aug. 31, 2005, under the trading information set out below, but will be halted from trading until such time as the TSX has been advised that the closing has occurred. The subscription receipts of AMR Technologies will continue to trade on a regular settlement basis at the opening on Aug. 31, 2005. Once the closing has been confirmed to the Toronto Stock Exchange, a trader note will be issued to announce:

1. the time the warrants will be posted for trading; and
2. the halting from trading and subsequent delisting of the receipts.

Warrant symbol: AMR.WT
Warrant Cusip No.: 001782 11 9

Designated market-maker: National Bank Financial Inc.
Transfer agent and registrar: Computershare Trust Company of Canada at its principal office in Toronto

Other markets: None

At closing, each receipt will be exchanged, for no additional consideration, for one AMR Technologies common share and one-half of one warrant. A total of 35,467,200 receipts were sold at $2.00 per receipt pursuant to the terms of a prospectus dated July 7, 2005. Further details regarding the receipts are contained in TSX bulletin 2005-0830 dated July 15, 2005.

Assuming the closing occurs, each whole warrant will entitle the holder to purchase one common share at a price of $2.50 per share at any time prior to 5 p.m. (Toronto time) on Aug. 31, 2008. The warrants will be represented by one or more global securities to be registered in the name of the Canadian Depository for Securities (CDS). Beneficial interest in the global securities representingthe warrants will be shown on, and transfers thereof will be effected only through, records maintained by CDS and its participants.
The warrants will be governed by the terms of a warrant indenture dated July 19, 2005, between AMR Technologies and Computershare, as trustee. The warrant indenture provides for appropriate adjustments to be made to the rights of the holders of warrants in the event of stock dividends, subdivisions, consolidations and other forms of capital reorganization.