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Warrants
Alert
Address: 1900 - 250 2nd St SW
Calgary AB T2P 0C1
Phone: 403 265 4800
Fax: 403 265 8216
Website: http://www.parexresources.com/
Warrant Symbol - PXT.WT
Number Trading - 4,921,372
Expiration Date - December 6, 2009
Cusip - 69946Q 11 2
Exercise Price - $3.00
Warrants called to trade news
Parex Resources to list on TSX-V Nov. 12
2009-11-11 16:35 MT - New Listing
Effective at the opening, Thursday, Nov. 12, 2009, the common shares and warrants of Parex Resources Inc. will commence trading on the TSX Venture Exchange. The company is classified as an oil and gas exploration and development company.
Pursuant to a plan of arrangement involving Parex, Pluspetrol Resources Corp. N.V., its wholly owned subsidiary, 1462627 Alberta Ltd., and Petro Andina Resources Inc., a Toronto Stock Exchange issuer, the company acquired the Colombian, and Trinidad and Tobago, exploration assets formerly owned by Petro Andina.
Pursuant to the arrangement, Pluspetrol indirectly acquired all of the outstanding Class A shares of Petro Andina and each holder of Petro Andina shares ultimately received, for each Petro Andina share held
$7.65 in cash;
One common share of Parex;
One-10th of one share purchase warrant of Parex.
Each whole warrant of Parex entitles the holder to purchase one Parex share at a price of $3 per share until Dec. 6, 2009.
In connection with the arrangement, the company completed a brokered private placement consisting of 6.67 million subscription receipts at a price $3 per subscription receipt for gross proceeds of about $20-million. Each subscription receipt was subsequently converted into one Parex share for no additional consideration, upon satisfaction of certain conditions, including completion of the arrangement. The underwriters for the brokered private placement constituted a syndicate of investment dealers co-lead by FirstEnergy Capital Corp. and Scotia Capital Inc.
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Calgary AB T2P 0C1
Phone: 403 265 4800
Fax: 403 265 8216
Website: http://www.parexresources.com/
Warrant Symbol - PXT.WT
Number Trading - 4,921,372
Expiration Date - December 6, 2009
Cusip - 69946Q 11 2
Exercise Price - $3.00
Warrants called to trade news
Parex Resources to list on TSX-V Nov. 12
2009-11-11 16:35 MT - New Listing
Effective at the opening, Thursday, Nov. 12, 2009, the common shares and warrants of Parex Resources Inc. will commence trading on the TSX Venture Exchange. The company is classified as an oil and gas exploration and development company.
Pursuant to a plan of arrangement involving Parex, Pluspetrol Resources Corp. N.V., its wholly owned subsidiary, 1462627 Alberta Ltd., and Petro Andina Resources Inc., a Toronto Stock Exchange issuer, the company acquired the Colombian, and Trinidad and Tobago, exploration assets formerly owned by Petro Andina.
Pursuant to the arrangement, Pluspetrol indirectly acquired all of the outstanding Class A shares of Petro Andina and each holder of Petro Andina shares ultimately received, for each Petro Andina share held
$7.65 in cash;
One common share of Parex;
One-10th of one share purchase warrant of Parex.
Each whole warrant of Parex entitles the holder to purchase one Parex share at a price of $3 per share until Dec. 6, 2009.
In connection with the arrangement, the company completed a brokered private placement consisting of 6.67 million subscription receipts at a price $3 per subscription receipt for gross proceeds of about $20-million. Each subscription receipt was subsequently converted into one Parex share for no additional consideration, upon satisfaction of certain conditions, including completion of the arrangement. The underwriters for the brokered private placement constituted a syndicate of investment dealers co-lead by FirstEnergy Capital Corp. and Scotia Capital Inc.
read more... || collapse
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