| Star Hedge Managers Warrants |
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| Star Hedge Managers Corp |
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| Star Hedge Managers Corp Units |
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Name - Star Hedge Managers Corp
Address: 300 - 1
First Canadian Place,
100 King St W
Toronto ON M5X 1H3
Phone: 416 359 7742
Fax: 416 359 5727
Website - http://www.bmocm.com/starhedge
Prospectus - Star_Hedge_Prospectus_English.pdf
Warrant Symbol - XHM.WT,
Number Trading - 7.5 million
Expiration Date -
Oct. 29, 2009.
Cusip -
Exercise
Price - $10.35
Warrants called to trade news:
Star Hedge
Managers closes IPO, raises $75-million
2008-09-29 09:40 MT - News Release
Star Hedge Managers Corp. has successfully closed its initial public offering
of 7.5 million units, at a price of $10 per unit, for gross proceeds of $75-million.
The fund has been created to provide long-term capital growth by investing in
a portfolio consisting of private investment funds or portfolios managed by
three of Canada's leading portfolio managers: Rohit Sehgal of Dynamic Funds,
Eric Sprott of Sprott Asset Management Inc. and Normand Lamarche of Front Street
Investment Management Inc.
Each unit consists of one Class A share of the fund and one warrant to purchase
one Class A share. Each warrant entitles the holder to purchase one Class A
share at a subscription price of $10.35 on Oct. 30, 2009. Warrants may be tendered
for exercise on and after Oct. 15, 2009, and up to Oct. 29, 2009.
The Class A shares and warrants the unit comprises will separate immediately
following the earlier of 30 days after the closing of the offering and the closing
of the final exercise of the overallotment option, which is exercisable at the
option of the agents until 30 days after the closing of the offering, to purchase
up to 15 per cent of the total number of units issued at the closing of the
offering on the same terms.
The units are listed on the Toronto Stock Exchange under the symbol XHM.UN and
the Class A shares and the warrants will (on the separation) be listed on the
TSX under the symbols XHM.A and XHM.WT, respectively.
BMO Nesbitt Burns Inc. is the promoter and one of the agents in connection with
the offering and will act as administrator of the fund.