Global Uranium Fund Inc

Global Uranium Warrants
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Global Uranium Warrants
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Global Uranium Fund
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Name - Global Uranium Fund Inc

Address: 2930 - 181 Bay St 

Toronto  ON  M5J 2T3

Phone: 416 642 6000 

Fax: 416 642 6001
 Website - http://www.bromptongroup.com

 

Warrant Symbol - GUR.WT
Number  Trading - 5 million
Expiration Date - June 30, 2010
Cusip -  379462 11 2

Exercise Price -  $10.25
Warrants called to trade news:

 

Global Uranium Fund files final prospectus for warrants

2009-06-12 08:24 MT - News Release
Global Uranium Fund Inc. has filed a final prospectus relating to an offering of warrants to equity shareholders of the company. Each equity shareholder of record on June 22, 2009, will receive one warrant per equity share. One warrant will entitle the holder to purchase an equity share of the company at an exercise price of $3.38 (being the sum of the most recently published NAV per equity share plus the per-equity share fees and expenses of the offering) on or before Oct. 5, 2009, the expiry date. The company has applied to list the warrants (under the ticker symbol GUR.WT.B) and the equity shares issuable on the exercise thereof on the Toronto Stock Exchange. Warrants will be distributed to client accounts on a best-efforts basis after the June 22, 2009, record date.

Successful completion of the warrants offering will provide the company with additional capital that can be used to take advantage of attractive investment opportunities and it is also expected to increase the trading liquidity of the equity shares and reduce the continuing management expense ratio of the company.

 

Global Uranium shares, warrants trade separately July 6

 

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:

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.