Address: 1400 220 Bay Street
Toronto, Ont., M5J 2W4
Phone: 416 360 4653
Fax: 416 360 7783
Warrant Symbol - ALE.WT
Number Trading - 123,728,500
Expiration Date - February 22, 2016
Exercise Price - $0.50
Warrants Called to Trade News:
Alange Energy $70.03-million prospectus offering
2011-02-22 19:35 MT - Prospectus Approved
Alange Energy Corp. has closed its financing pursuant to its prospectus dated Feb. 15, 2011, which was filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador commissions on Feb. 16, 2011, pursuant to the provisions of the applicable securities acts.
The TSX Venture Exchange has been advised that the offering closed on Feb. 22, 2011, for gross proceeds of $70,035,000 (including the overallotment option).
Underwriters: GMP Securities LP, Canaccord Genuity Corp., Jennings Capital Inc., Raymond James Ltd.
Offering: 203 million units; each unit consisting of one common share and one-half share purchase warrant; one whole warrant to purchase one common share
Unit price: 30 cents per unit
Warrant exercise price/term: Each whole warrant entitles the holder to acquire one additional common share of the company at a price of 50 cents per warrant share until Feb. 22, 2016.
Underwriters' fees: The underwriters have been granted 14,007,000 compensation units which is equal to 6 per cent of the number of units issued pursuant to the offering including the overallotment option. The compensation units shall have the same terms as the units sold under the offering.
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