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Warrants
Address: 1400 - 95 Wellington St W
Toronto ON M5J 2N7
Phone: 416 642 1289
Fax: 416 362 2199
Warrant Symbol - TRF.WT.A
Number Trading - 1,733,779
Expiration Date - June 25, 2010
Cusip - 31862T 13 C
Exercise Price - $24.07
Warrant Symbol - TRF.WT
Number Trading - 1,175,539
Expiration Date - July 23, 2009
Cusip - 31862T 12 4
Exercise Price - $17.28
Warrants called to trade news:
First Asset Energy to
list 1.73 million warrants
2010-01-21 17:44 MT - Warrants
Called to Trade
TSX bulletin 2010-0092
Holders of limited partnership
units (symbol: TRF.UN) of First
Asset Energy & Resource Fund
of record as of the close of
business on Wednesday, Jan. 27,
2010, will be issued warrants,
on the basis of one whole
warrant for each unit held. Each
two whole warrants entitle the
holder to purchase one unit at a
price of $24.07 on or before 5
p.m. (Toronto time) on June 25,
2010. The warrants may be
exercised commencing on Jan. 28,
2010. Warrants not exercised by
the expiry time will be void and
of no value.
The units of the fund will
commence trading on an ex
distribution basis at the
opening on Monday, Jan. 25,
2010, at which time up to
1,733,779 warrants will be
posted for trading on a
when-issued basis, under the
following trading information:
Symbol: TRF.WT.A
Cusip No.: 31862T 13 C
Trading currency: Canadian
Designated market maker:
Macquarie Capital Markets Ltd.
Other markets: None
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Additional information on the
warrant offering may be found in
the fund's short-form prospectus
dated Jan. 14, 2010, which is
available at SEDAR. Capitalized
terms used but not otherwise
defined are as defined in the
prospectus.
The fund uses the book-entry
only system administered by CDS
Clearing and Depository Services
Inc. with respect to units and
warrants. The fund may also use
the non-certificated issue
system or another system
administered by CDS.
A holder of warrants may
subscribe for the resulting
number of units or any lesser
whole number of units by
instructing the CDS participant
holding the subscriber's
warrants to exercise all or a
specified number of such
warrants and forwarding the
offering and the warrant
indenture to the CDS participant
which holds the subscriber's
warrants. The subscription price
is payable in Canadian funds by
certified cheque, bank draft or
money order drawn to the order
of a CDS participant, by direct
debit from the subscriber's
brokerage account or, by
electronic funds transfer or
other similar payment mechanism.
All payments must be forwarded
to the appropriate office of the
CDS participant. The entire
subscription price for units
subscribed for must be paid at
the time of subscription and
must be received by the warrant
agent prior to 5 p.m. (Toronto
time) on the expiry date.
Each holder of warrants that
subscribes for units to which
such holder is entitled pursuant
to the basic subscription
privilege may, at any time
during the exercise period,
subscribe for additional units
pursuant to the additional
subscription privilege, if
applicable, at a price equal to
the subscription price for each
additional unit. Holders of
warrants must fully exercise all
of their warrants under the
basic subscription privilege in
order to be eligible for the
additional subscription
privilege. To apply for
additional units under the
additional subscription
privilege, a beneficial holder
of warrants must forward their
request to a CDS participant
prior to 5 p.m. (Toronto time)
on the expiry date. Payment for
additional units, in the same
manner as for units, must
accompany the request when it is
delivered to the CDS participant
without interest or deduction.
Accordingly, the subscriber must
deliver payment and instructions
sufficiently in advance of the
expiry date to allow the CDS
participant to properly exercise
warrants on such subscriber's
behalf and apply for additional
units under the additional
subscription privilege, as
applicable.
The units of the partnership are
not registered under the 1933
act. The offering is made in
Canada and not outside of
Canada. This offering is not,
and under no circumstances is to
be construed as, an offering of
any units for sale in the United
States or an offering to or for
the account or benefit of any
U.S. person or a solicitation
therein of an offer to buy any
securities. Accordingly, no
subscriptions will be accepted
from any person, or their agent,
who appears to be, or who the
fund has reason to believe is, a
national or resident in the
United States.
It is expected that the CDS
participant for limited partners
resident outside of Canada will,
prior to the expiry date,
attempt to sell for the warrants
allotable to such limited
partners at the price or prices
it determines in its discretion.
Any proceeds received by the CDS
participant with respect to such
warrants are expected to be
delivered by the CDS participant
as soon as practicable to such
limited partners.
The warrants will be governed by
the terms of a warrant indenture
dated Jan. 14, 2010, between the
fund and Computershare Trust
Company of Canada, as warrant
agent. The warrant indenture
provides for appropriate
adjustments to the warrants in
the event of stock dividends,
subdivisions, consolidations and
other forms of capital
reorganization. The fund will
pay a fee at the time the
warrants are exercised equal to
28 cents per unit to the dealer
whose client is exercising the
warrants.
First Asset Energy to list
1,175,539 warrants Feb. 26
2009-02-24 15:02 MST - Warrants
Called to Trade
TSX bulletin 2009-0240
A total of up to 1,175,539 warrants
of the fund will be listed and
posted for trading at the open on
Thursday, Feb. 26, 2009, on a
when-issued basis, under the
following trading information.
Warrant symbol: TRF.WT
Warrant Cusip No.: 31862T 12 4
Warrant trading currency: Canadian
dollars
Designated market-maker: Macquarie
Capital Markets Canada Ltd.
Other markets: None
The warrants are being issued to
holders of outstanding limited
partnership units of the fund of
record as of the close on Monday,
March 2, 2009, on the basis of one
warrant for each unit held. Each
warrant entitles the holder thereof
to subscribe for one unit at a
subscription price of $17.28 per
unit until 5 p.m. (Toronto time) on
July 23, 2009. The warrants may be
exercised commencing on March 3,
2009. warrants not exercised by the
expiry time will be void and of no
value.
Holders of warrants who exercise
their warrants in full are entitled
to exercise an additional
subscription privilege to purchase,
on a pro rata basis, units not
issued pursuant to the exercise of
the basic subscription privilege by
other holders of warrants, as set
forth on page 8 of the fund's short
form prospectus dated Feb. 18, 2009.
Registration of interests in and
transfers shall be made through the
book-based system operated by CDS
Clearing and Depository Services
Inc. Holders of warrants through CDS
may transfers ownership of warrants
through records maintained by CDS
participants. Registered holders of
warrants may transfer ownership of
warrants by delivering the required
documents to Computershare Trust
Company of Canada.
The warrants are governed by the
terms of a warrant indenture dated
Feb. 18, 2009, between the fund and
the warrant agent. The warrant
indentures provide for appropriate
adjustments to the warrants in the
event of stock dividends,
subdivisions, consolidations and
other forms of capital
reorganization.
Please see elsewhere in today's
Toronto Stock Exchange bulletins for
information regarding the
distribution to unitholders of the
fund.
First Asset Energy files final
prospectus for offering
2009-02-18 16:46 MT - News
Release
First Asset Energy & Resource Fund
has filed a final short form
prospectus relating to an offering
of warrants to limited partners of
the fund. Each limited partner of
record on March 2, 2009, will
receive one warrant for each unit
held. One warrant will entitle the
holder to purchase a unit of the
fund at an exercise price of $17.28
(being the lesser of:
-The most recently published net
asset value per unit prior to the
date of the preliminary short form
prospectus;
-The most recently calculated net
asset value per unit prior to the
date of the final short form
prospectus) on or before July 23,
2009, the expiry date.
The fund has applied to list the
warrants under the ticker symbol
TRF.WT and the units issuable on the
exercise thereof on the Toronto
Stock Exchange. It is expected that
the warrants will commence trading
on Feb. 26, 2009, and will remain
trading until noon (Toronto time) on
the expiry date July 23, 2009.
Successful completion of the
warrants offering will provide the
fund with additional capital that
can be used to take advantage of
attractive investment opportunities,
and it is also expected to increase
the trading liquidity of the units
and reduce the continuing management
expense ratio of the fund.