Canadian Warrants

As soon as possible after the prospectus is filed and cleared by the relevant securities commissions, the TSE will list the warrants and debentures for trading on an if, as and when issued basis under the trading information set out below. Prior to the listings, the TSE will issue a ticker notice confirming the details of the debentures and the warrants and the expected closing date for the prospectus offering.
Warrants
 
Symbol:  IMA.WT.W
Cusip No:  46562T 12 5
Symbol:  IMA.DB.W
CCusip No:  46562T AA 7

Debentures and warrants begin trading on the TSE

1997-09-15 08:15 MT - Miscellaneous

The following ticker was issued by the TSE at 1:45 pm on September 12 1997: br /> Further to exchange bulletin 97-1293, a total of $12,000,000 principal amount of debentures of Itec-Mineral and 2,400,000 adjustable common share purchase warrants will commence trading on an if, as and when issued basis at 1:45 pm today, with the debentures trading under the symbol IMA.DB.W and Cusip 46562T AA 7 and the warrants trading under the symbol IMA.WT.W and Cusip 46562T 12 5. The debentures will not trade on an accrued interest basis under the symbol IMA.DB.W as interest accrues in the debentures only if they are issued upon closing of the prospectus offering. The common share purchase warrants and debentures are to be sold to the public in the form of units, each unit issued at a price of $1,000 and comprised of $800 principal amount of debentures convertible at a price of $1.25, 160 adjustable common share purchase warrants exercisable at a price of $1.38 per warrant and a deferred payment receipt evidencing the right to acquire a further $200 of debentures and 40 warrants pursuant to a prospectus offering that is scheduled to close on September 25. The deferred payment receipts will not be posted for trading on the exchange and will not be transferable until payment under the deferred payment receipts has been made. Subject to closing of the prospectus offering, all trades in IMA.DB.W and IMA.WT.W on September 12, 15, 16, 17, 18 and 19 will be for special terms settlement on September 25 and will appear on the settlement report from CDS. All trades in IMA.DB.W and IMA.WT.W on September 22, 23 and 24 will be for special terms settlement three business days after the trade date and will appear on the settlement report from CDS. If the prospectus offering does not close, all of the if, as and when issued trades will be cancelled and no securities will be delivered and no money will be owed by purchasers to sellers. Parties who are entitled to receive debentures and warrants under the prospectus offering may sell such securities in the .W market without being subject to restrictions on short sales. Parties who are not entitled to receive debentures and warrants under the prospectus offering must comply with the short sale rules in all respects for any sales they make in the IMA.DB.W and IMA.WT.W market.