Cinch Energy

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Name - Cinch Energy Corp
Website - http://www.cinchenergy.com/

Warrant Symbol - CNH.WT
Number  Trading -
21,706,133
Expiration Date -
June 15, 2005
Cusip - 
17185X 11 6
Warrants called to trade news:

 

Cinch Energy to list on the TSX on Nov. 23

 

2004-11-19 17:14 MT - New Listing

TSX bulletin 2004-1336

An application has been granted for the original listing in the oil and gas category of 45,710,596 common shares of which 29,762,506 common shares will be issued and outstanding and 15,948,090 common shares are reserved for issuance.

An application has also been granted for the listing of 21,706,133 share purchase warrants all of which will be issued and outstanding. There will be no warrants reserved for issuance. Each 2.5 warrants will entitle the holder to purchase one common share at an exercise price of $2.375 per share at any time prior to 4:30 p.m. (Calgary time) on June 15, 2005. Alternatively, each whole warrant will entitle the holder to purchase 0.4 of a common share at an exercise price of $2.375 per whole common share. No fractional common shares will be issued.

The common shares and the warrants of the company will be listed and posted for trading at the open on Tuesday, Nov. 23, 2004. The company will be subject to the reporting requirements of Section 502 of Toronto Stock Exchange company manual.

Share symbol:  CNH

Cusip No.:  17185X 10 8

Warrant symbol:  CNH.WT

Cusip No.:  17185X 11 6

Designated market-maker:  B. Schwalm, Raymond James Ltd.

Other markets:  None

Listing statement No. 5466 is being prepared and the following constitutes information appearing in the statement.

Incorporation:  The company was incorporated under the Business Corporations Act (Alberta) on July 24, 1998, as 793935 Alberta Ltd. On Nov. 28, 2001, 793935 Alberta Ltd. changed its name to Cinch Energy Corp.

Fiscal year-end:  Dec. 31

Nature of business:  The company is an Alberta-based oil and natural gas company engaged in the exploration for, and the development, and production of, natural gas and crude oil with emphases on deeper, western portion of the Western Canadian sedimentary basin in Alberta.

Transfer agent and registrar:  Olympia Trust Co. at its principal office in Calgary

Co-transfer agent and registrar:  Equity Transfer Services, Inc. at its principal office in Toronto

Share capital

Authorized:  Unlimited common shares and 24 million common share purchase warrants

Issued:  29,762,506 common shares and 21,706,133 warrants

Reserved:  3,317,300 common shares issuable pursuant to the company's stock option plan, of which 1.58 million options have been granted between Feb. 14, 2003, and Nov. 16, 2004, at prices ranging from $1.625 to $2.375 per common share expiring between Feb. 14, 2008, and Aug. 30, 2009;

 363,994 common shares issuable upon the exercise of brokers warrants exercisable at prices of $1.00 and $1.875 expiring from Dec. 20, 2004, to May 31, 2005;

 3,584,343 common shares issuable upon the exercise of special warrants. Each special warrant entitles the holder to acquire 0.4 of a common share of the company; and

 8,682,453 common shares issuable upon the exercise of 21,706,133 warrants. Each 2.5 warrants will entitle the holder to purchase one common share at an exercise price of $2.375 per share at any time prior to 4:30 p.m. (Calgary time) on June 15, 2005. Alternatively, each whole warrant will entitle the holder to purchase 0.4 of a common share at an exercise price of $2.375 per whole common share. No fractional common shares will be issued.

Dividends:  The company has not made any dividend payments to shareholders.