Website - http://www.distinction.ca
Lachine QC H8R 3Y8
Phone: 514 368 1504
Fax: 514 368 1691
Warrant Symbol - GD.WT
Number Trading - 1.5 million
Expiration Date - Sept. 30, 2009
Cusip - 254742 11 7
Exercise Price - $1.00
Warrants called to trade news:
Distinction Group to list on TSX on Nov. 23
2007-11-21 17:33 MT - New Listing
TSX bulletin 2007-1644
An application has been granted for the original listing in the industrial category of 33,507,604 common shares of Distinction Group Inc., of which 29,107,604 will be issued and outstanding, and 4.4 million will be reserved for issuance.An application has also been granted for the listing of 1.5 million share purchase warrants, all of which will be issued and outstanding. Each warrant entitles the holder to purchase one share at a price of $2.10 until 5 p.m. (Montreal time) on Sept. 30, 2009.
The shares and warrants will be distributed to shareholders of record of Dacha Capital Inc. (TSX-V: DAC) as at the close on Tuesday, Nov. 27, 2007, on the basis of one share and 0.25 of a warrant of the company for each common share of Dacha held as at the record date. It is anticipated that the certificates representing the shares and warrants of the company will be mailed to shareholders of Dacha on or about Nov. 29, 2007. No fractional shares and/or warrants will be issued to Dacha shareholders. Any fractional number of shares and/or warrants shall be rounded down to the nearest whole number.
The warrants will be governed by the terms of a warrant indenture dated Nov. 16, 2007, between the company and Computershare Trust Co. of Canada as trustee. The warrant indenture will provide for appropriate adjustments to the warrants in the event of stock dividends, subdivisions, consolidations and other forms of capital reorganization.
In anticipation of the receipt of the articles of amalgamation creating the company prior to the open of markets on Friday, Nov. 23, 2007, the shares and warrants of the company will be listed and posted for trading at the open on Friday, Nov. 23, 2007, on a when-issued basis. A trader note will be issued prior to the open on Friday, Nov. 23, 2007, confirming whether or not the articles of amalgamation have been issued, failing which open of trading on the shares and warrants of the company will be delayed.
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