Canadian Warrants

The approximately 702 million common shares of the company currently outstanding will be reduced to approximately 70.2 million common shares if the share consolidation is effected. No fractional common shares will be issued as a result of the share consolidation. If the share consolidation results in a shareholder holding a fractional interest of less than a whole common share, such fractional interest will be paid in cash in an amount equal to the number of common shares held by such holder multiplied by the weighted average price at which the common shares have traded on the Toronto Stock Exchange during the 20 consecutive trading days immediately prior to the date of the meeting. The exercise price and the number of common shares issuable under any outstanding convertible securities of the company, including outstanding incentive stock options and common share purchase warrants, will be proportionately adjusted if the share consolidation is effected.

The company anticipates that its common shares will continue to be traded on the TSX under the symbol BWR on a postconsolidation basis under a new Cusip number yet to be assigned. Further, the company's warrants will continue to be traded on the TSX under the symbol BWR.WT.A on a postconsolidation basis. The consolidation of the company's shares is subject to receipt of shareholder approval as well as all necessary regulatory approvals, including that of the TSX.

We seek Safe Harbor.

Breakwater Resources 1:10 rollback

2010-06-09 16:45 MT - Rollback
TSX bulletin 2010-0606
The common shares (symbol:BWR) of the company will be posted for trading at
the opening on Friday June 11, 2010, on a 1:10 consolidated basis under the
new Cusip No. 106902 70 3.

No fractional common shares will be issued. A holder of common shares, who
otherwise would have been entitled to receive a fractional share as a
result of the consolidation, will receive an amount in cash equal to the
fractional number of common shares held by such holder multiplied by 31
cents, which represents the weighted average price at which the common
shares have traded on the Toronto Stock Exchange during the 20 consecutive
trading days immediately prior to June 8, 2010, the date of the shareholder
meeting.

It is understood that letters of transmittal will be mailed to holders of
common shares on or about June 10, 2010, requesting them to forward their
preconsolidated share certificates to Computershare Investor Services Inc.
in Toronto in exchange for new share certificates representing the
appropriate number of postconsolidated common shares.

Amendments to warrants

As a result of the 1:10 stock consolidation, each common share purchase
warrant (symbol: BWR.WT.A) entitles the holder to purchase one-10th of a
common share at an exercise price of 12 cents at any time on or before to 5
p.m. (Toronto time) on April 9, 2014. Accordingly, a warrantholder will be
required to exercise 10 warrants in order to purchase one whole common
share at a total exercise price of $1.20 per common share. Fractional
common shares will not be issued upon exercise of the warrants.
 
Breakwater to list 100 million warrants April 9

2009-04-07 14:28 MT - Warrants Called to Trade

TSX bulletin 2009-0452

A total of 100 million common share purchase warrants of Breakwater Resources Ltd. will be listed and posted for trading at the open on Thursday, April 9, 2009, under the following trading information.

Warrant symbol: BWR.WT.A
Warrant Cusip No.: 106902 16 6
Warrant trading currency: Canadian dollars
Designated market-maker: Raymond James Ltd.
Other markets: None

The listing covers warrants forming part of the 200 million units to be sold to the public at a price of 10 cents per unit pursuant to the terms of a short form prospectus dated April 3, 2009. Each unit consists of one common share and one-half of one warrant. Each whole warrant entitles the holder to purchase one common share of the company at a price of 12 cents per share on or before 5 p.m. (Toronto time) on the date that is five years following the date of the closing of offering. The units will separate immediately upon closing of the offering.

The warrants will be governed by the terms of a warrant indenture to be dated April 9, 2009, between the company and Computershare Trust Company 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.

Registration of interests in and transfers of warrants shall be made through the book-based system operated by CDS Clearing and Depository Services Inc. The warrants will be evidenced by one or more warrants certificate(s) for an amount representing the total number of such warrants outstanding from time to time.

Details of the additional listing of the common shares can be found elsewhere in today's Toronto Stock Exchange bulletins.

Breakwater warrants called to trade on Feb. 10

2004-02-06 18:13 ET - Warrants Called to Trade
TSX bulletin 2004-0103
Further to the Toronto Stock Exchange bulletin 2004-0056, dated Jan. 26, 2004, a
total of 28,571,429 common share purchase warrants of Breakwater Resources will
be listed and posted for trading at the open on Tuesday, Feb. 10, 2004, under the
following trading information:
Symbol: BWR.WT
Cusip No: 106902 15 8
Designated market-maker: D. Degeer Raymond James Ltd.
Other markets: None
The listing covers warrants forming part of 57,142,858 units sold to the public at a
price of 70 cents per unit pursuant to the terms of a prospectus dated Jan. 21, 2004.
Each unit consists of one common share and one-half of a warrant. The units
separated immediately upon closing of the public offering.
Each warrant entitles the holder to purchase one common share of Breakwater at a
price of $1 per share at any time prior to 5 p.m. (Toronto time) on Jan. 28, 2009.
The warrants are governed by the terms of a warrant indenture dated Jan. 28, 2004,
between Breakwater and Computershare Trust Company 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.
 
 
1988-05-25 15:50 MT - Warrants Called to Trade
Pursuant to an amalgamation under the company act of Quebec between Novamin Inc and a wholly owned subsidiary of Breakwater, and in accordance with an amalgamation agreement dated May 18 1988, Breakwater will issue 809,641 common shares of Breakwater to Novamin shareholders of record May 17 1988.
The outstanding Novamin warrants are deemed to be converted to issued and outstanding Breakwater warrants.
Effective at the opening May 26 1988, the warrants of the company will be posted and called for trading on the VSE. The company is, under the rules of the exchange, a partially exempt company.
 
Capitalization on Wt: 665,772 share purchase warrants issued
 
 
Wt Trading Symbol: BWR.WT
Wt Security No: 878258
Wt Cusip No: 106902 12 5