Quick Links:
Back to Home
Page
Back to Warrant
Sheets
Back to Expired
Warrants
Address: 22 George-D Davie
St Levis QC G6V 8V5
Phone: 418 837 5841
Fax: 418 835 1017
Website -
http://www.davie.ca/
Warrant Symbol - DAV.WT
Number Trading - 15,375,000
Expiration Date - Feb
ruary 20, 2010
Cusip - 238681 11 8
Exercise Price - $2.00
Warrants called to trade news:
The Globe and Mail
Reports:
Davie Yards Inc. Completes its
Initial Public Offering
Marketwire
Davie Yards Inc. ("Davie" or the
"Company"), the largest shipyard
in Canada, is pleased to
announce it has closed an
initial public offering (IPO) on
the Toronto Stock Exchange
raising approximately
C$41,512,500 through the
issuance of 30,750,000 units at
a price of C$1.35 per unit. Each
unit is composed of one common
share and one half of one common
share purchase warrant, with
each whole common share purchase
warrant giving the holder the
right to purchase one common
share from Davie at a price of
C$2.00 for a period of two years
following the closing of the
IPO.
Dundee Securities Corporation
acted as sole underwriter of the
initial public offering. Davie
has granted the underwriter an
over-allotment option
exercisable at the discretion of
the underwriter to purchase up
to an additional 15% of the
aggregate maximum number of
Common Shares and Warrants
offered under the IPO, for a
period of 30 days following the
closing of the IPO.
read more... ||
collapse
The Toronto Stock Exchange has
approved the listing of the
Common Shares under the symbol
"DAV" and the Warrants under the
symbol "DAV.W".
This press release is not an
offering of securities for sale
in the United States. The
securities have not been
registered under the U.S.
Securities Act of 1933, as
amended, and may not be offered
or sold in the United States
absent registration or an
exemption from the registration
requirements of that Act.
About Davie Yards Inc.
Davie Yards Inc. owns and
operates the Davie Shipyard.
With over 180 years of operating
experience, the Davie Shipyard
is the largest and among the
most sophisticated shipbuilding
facilities in North America. The
company builds, converts and
repairs a wide range of
sophisticated ships and other
marine vessels, with a primary
focus on complex and
technologically advanced vessels
for the offshore oil exploration
and production services sector.
FOR FURTHER INFORMATION PLEASE
CONTACT:
Davie Yards ASA
Sigurd Lange
Chief Executive Officer
+ 47 67 200 300
418-837-5841
Davie Yards to list on
TSX on Feb. 20
2008-02-19 15:19 MT - New
Listing
TSX bulletin 2008-0190
The following trader note was
released by the Toronto Stock
Exchange on Tuesday, Feb. 19,
2008, at 8:34 a.m.:
An application has been granted
for the original listing in the
industrial category of
154,678,750 common shares and
17,681,250 share purchase
warrants of Davie Yards Inc., of
which 120.35 million shares and
15,375,000 warrants will be
issued and outstanding, and
34,328,750 shares and 2,306,250
warrants will be reserved for
issuance upon completion of an
initial public offering.
Listing of the shares and
warrants will become effective
at 5:01 p.m. on Tuesday, Feb.
19, 2008, in anticipation of the
offering closing prior to the
open on Wednesday, Feb. 20,
2008. The shares and the
warrants, other than those which
have not been distributed to the
public, will be posted for
trading at the open on
Wednesday, Feb. 20, 2008.
The shares and the warrants will
at all times be represented by
global certificates issued in
registered form to be held by
CDS Clearing and Depository
Services Inc. Individual
certificates will not be issued.
Shares and warrants must be
purchased, transferred or sold
directly through a participant
in the CDS Clearing and
Depository Services Inc.
book-entry system.
The company is subject to the
reporting requirements of
Section 501 of the TSX company
manual.
Additional information on the
shares and warrants may be found
in the company's prospectus
dated Feb. 11, 2008, which is
available at www.sedar.com.
Capitalized terms not otherwise
defined herein are as defined in
the prospectus.
Share symbol: DAV
Share Cusip No.: 238681 10 0
Share trading currency: Canadian
dollars
Warrant symbol: DAV.WT
Warrant Cusip No.: 238681 11 8
Warrant trading currency:
Canadian dollars
Temporary market-maker: Dundee
Securities Corp.
Other markets: None
Incorporation: The company was
incorporated under the Canada
Business Corporations Act on
Sept. 12, 2006, under the name
4370422 Canada Inc. The company
changed its name on Oct. 31,
2006, to Davie Quebec Inc. and
subsequently changed its name on
Dec. 18, 2007, to Davie Yards.
Fiscal year-end: Dec. 31
Nature of business: The company
operates the Davie shipyard, the
largest ship-building facility
in Canada. The company intends
to build, convert and repair
sophisticated ships, and complex
offshore vessels for commercial
and governmental customers.
Transfer agent and registrar:
Computershare Investor Services
Inc. at its principal offices in
Montreal and Toronto
Dividends: The company does not
intend to pay dividends in the
foreseeable future.
Public offering: Pursuant to the
terms of the prospectus, 30.75
million units are being offered
to the public at a price of
$1.35 per unit by Dundee
Securities Corp., as
underwriter. Each unit consists
of one share and one-half of one
warrant. In addition, the
underwriter has been granted an
overallotment option to purchase
up to 15 per cent of the number
of units sold pursuant to the
offering. The units will
separate immediately on closing
of the offering.
Warrants: Each whole warrant
will entitle the holder to
purchase one share of the
company at a price of $2 per
share at any time before 5 p.m.
(Montreal time) on Feb. 20,
2010. The warrants will be
governed by the terms of a
warrant indenture to be dated
Feb. 20, 2008, between the
company and Computershare Trust
Co. of Canada.
