Canadian Warrants

2007-07-04 16:03 MT - Miscellaneous
TSX bulletin 2007-0952
Further to Toronto Stock Exchange bulletin No. 2007-0819, dated June 14, 2007,
which described an initial public offering of units by Global Uranium Fund Inc.,
the redeemable equity shares and transferable warrants to purchase equity shares
comprising the units will trade separately commencing at the open on Friday, July 6,
2007, at which time the units will be delisted.
Under the trading information set out below:
16,235,000 equity shares will be listed of which 10.49 million equity shares are issued and outstanding, and 500,000 equity shares are reserved for issuance; and
Warrants to purchase 5,245,000 equity shares will be listed, all of which will be issued and outstanding. Any fractional warrants resulting from the separation of the units will be rounded down.
Equity shares symbol: GUR
Cusip No.: 379462 10 4
Trading currency: Canadian dollars
Warrant symbol: GUR.WT
Cusip No.: 379462 11 2
Trading currency: Canadian dollars
Designated market-maker: Acker Finley Inc.
 
Registration of interests in and transfers of the equity shares and warrants shall be made only through the book-based system operated by CDS Clearing and Depository Services Inc. Upon purchase of any warrants or equity shares, the shareholders will receive only a customer confirmation from the registered dealer which is a CDS participant and from or through which the warrants or equity shares are purchased. As the equity shares and warrants will trade in the book-based system of CDS, shareholders need not take any action with respect to receiving the equity shares and warrants upon the separation of the units.
Additional information on the units, equity shares and warrants may be found in the final prospectus dated May 29, 2007, which is available at www.sedar.com. Capitalized terms not otherwise defined are as defined in the prospectus.
 
Warrants: Each whole warrant entitles the holder to purchase one equity share of the company at a subscription price of $10.25 on or before 5 p.m. (Toronto time) on June 30, 2010. The warrants will be governed by the terms of a warrant indenture dated June 18, 2007, between the company and Computershare Trust Co. of Canada. Upon the exercise of a warrant, the company will pay a fee equal to 15 cents per warrant exercised to the dealer whose client is exercising the warrant and 10 cents per warrant exercised to the agents. The warrant indenture provides for appropriate adjustments to the rights of holders of warrants in the event of stock dividends, subdivisions, consolidations or other forms of capital reorganization.
 
Redemption of equity shares: Equity shares may be redeemed on the second last business day of November of any year commencing Nov. 27, 2008, subject to certain conditions, but in order to effect such a redemption the equity shares must be surrendered by the last business day of October. Subject to the following, shareholders whose equity shares are redeemed will receive a redemption price in an amount equal to 100 per cent of net asset value per equity share (less any costs associated with the redemption, including brokerage costs). For the redemption dates occurring on Nov. 27, 2008, and Nov. 27, 2009, shareholders must concurrently surrender for redemption one-half of a warrant for each equity share surrendered for redemption and will receive a redemption price for both surrendered securities in an amount equal to 100 per cent of the basic net asset value per equity share (less any costs associated with the redemption, including brokerage costs). The basic net asset value includes the intrinsic net asset value, if any, attributable to the warrants.
 Payment of the redemption price will be made on or before the applicable redemption payment date, subject to the manager's right to suspend redemptions in certain circumstances. Equity shares may also be redeemed on a monthly redemption date, as described in the prospectus.
 
Global Uranium closes $100-million IPO
 
2007-06-18 08:24 MT - News Release
Mr. David Roode reports
GLOBAL URANIUM FUND INC. CLOSES INITIAL PUBLIC OFFERING AT $100 MILLION
Global Uranium Fund Inc. has completed its initial public offering of 10 million units, each consisting of one equity share and one-half of an equity share purchase warrant, at a price of $10 per unit for gross proceeds of $100-million. The company's units begin trading June 18, 2007, on the Toronto Stock Exchange under the symbol GUR.UN.
Global Uranium Fund has been designed to capitalize on strong investment fundamentals in the uranium sector. The company's investment objective is to provide shareholders with the opportunity for capital appreciation by investing in an actively managed and diversified portfolio of equity securities of uranium companies. The company will seek to achieve its investment objective by investing the net proceeds of the offering in a portfolio of equity securities that represent attractive investment opportunities in the global production of uranium and development of uranium deposits. In addition, the portfolio manager will include securities of exploration issuers that offer significant growth potential.
The manager has selected UBS Global Asset Management Co. to manage the portfolio. The portfolio manager is a member of UBS Global Asset Management, one of the world's largest asset management organizations with $828-billion in assets under management and over 470 investment professionals worldwide as of Dec. 31, 2006. The portfolio management team responsible for the company's investment strategy will initially consist of nine analysts with an average of 14 years of experience covering global markets.
The equity shares and warrants will trade as a unit under the symbol GUR.UN until the earlier of the closing of the overallotment or 30 days after closing of the offering. Thereafter, the units will separate into freely tradable equity shares and warrants under the symbols GUR and GUR.WT, respectively. The warrants may be exercised at any time during the three-year period ending June 30, 2010, at an exercise price of $10.25.
The syndicate of agents for the offering is being co-led by RBC Capital Markets and CIBC World Markets Inc. and includes Scotia Capital Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., HSBC Securities Inc., Canaccord Capital Corp., Desjardins Securities Inc., Raymond James Ltd., Blackmont Capital Inc., Dundee Securities Corp., IPC Securities Corp., Research Capital Corp., Wellington West Capital Inc. and Richardson Partners Financial Ltd.