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Address: 400 - 906 - 12th Ave SW
Calgary AB T2R 1K7
Phone: 604 609 6110
Fax: 604 609 6145
Website -
https://www.bankerspetroleum.com/s/Home.asp
Warrant Symbol - BNK.WT
Number Trading - 15,728,955
Expiration Date - Nov. 10, 2009
Cusip - 066286 13 9
Exercise Price - $2.49
Warrant Symbol - BNK.WT.A
Number Trading - 15,714,286
Expiration Date - March 1, 2012
Cusip - 066286 14 7
Exercise Price - $2.37
Warrants called to trade news
Bankers to roll back shares,
warrants 1:3 on July 30
2008-07-29 08:29 MT - News
Release
Bankers Petroleum Ltd.'s common
shares, and both the common
share purchase warrants expiring
Nov. 10, 2009, and the common
share purchase warrants expiring
March 1, 2012, will be posted
for trading at the opening on
Wednesday, July 30, 2008, on a
one-for-three consolidated basis
under the trading information
set out below:
Common shares (Toronto Stock
Exchange/Alternative Investment
Market)
Stock symbol: BNK
Cusip No.: 066286 30 3
ISIN: CA 0662863038
November, 2009, warrants
(TSX/AIM)
Stock symbol: BNK.WT/BNKW
Cusip No.: 066286 13 9
ISIN: CA 0662861396
March, 2012, warrants (TSX)
Stock symbol: BNK.WT.A
Cusip No.: 066286 14 7
ISIN: CA 0662861479
read more... || collapse
As a result of the
consolidation, the exercise
price of the November, 2009,
warrants has been adjusted so
that each November, 2009,
warrant will entitle the holder
to purchase one common share at
price of $2.49 per share. The
expiry date of the November,
2009, warrants remains at 5 p.m.
(Calgary time) on Nov. 10, 2009.
In addition, the exercise price
of the March, 2012, warrants has
been adjusted so that each
March, 2012, warrant will
entitle the holder to purchase
one common share at $2.37 per
share. The expiry date of the
March, 2012, warrants remains at
4:30 p.m. (Calgary time) on
March 1, 2012.
Postconsolidation, the
approximate share capital of the
company will be as follows:
Common shares: 182,501,262
November, 2009, warrants:
3,573,041
March, 2012, warrants: 4,911,475
Unlisted warrants: 1,226,667
Options: 8,587,186
Fully diluted: 200,839,631
No fractional common shares will
be issued as a result of
consolidation. In the event that
a holder would otherwise be
entitled to a fractional share,
the number of shares issued to
such shareholder shall be
rounded up to the next greater
whole number of shares, if the
fractional entitlement is equal
to or greater than 0.5, and
shall, without any additional
compensation, be rounded down to
the next lesser whole number of
shares, if the fractional
entitlement is less than 0.5. In
calculating such fractional
interests, all shares registered
in the name of or beneficially
held by such shareholder or a
nominee shall be totalled.
No fractional warrants will be
issued as a result of
consolidation. In the event that
a holder would otherwise be
entitled to a fractional
warrant, the number of warrants
issued to such warrantholder
shall be rounded up to the next
greater whole number of
warrants, if the fractional
entitlement is equal to or
greater than 0.5, and shall,
without any additional
compensation, be rounded down to
the next lesser whole number of
warrants, if the fractional
entitlement is less than 0.5. In
calculating such fractional
interests, all warrants
registered in the name of or
beneficially held by such
warrantholder or a nominee shall
be totalled.
In respect of the consolidation,
letters of transmittal were
mailed to holders of common
shares, along with the company's
information circular and proxy
statement dated May 27, 2008.
The letters of transmittal
request holders of common shares
and warrants to forward their
preconsolidated common share and
warrant certificates to
Computershare Investor Services
Inc. in exchange for new common
share and warrant certificates
representing the appropriate
number of postconsolidated
common shares and warrants.
The November, 2009, warrants are
governed by the terms of an
indenture dated Nov. 10, 2004,
as amended by a supplemental
indenture dated Sept. 1, 2006,
between the company and
Computershare Trust Company of
Canada, as trustee. The March,
2012, warrants are governed by
the terms of an indenture dated
March 1, 2007, between the
company and Computershare Trust
Company of Canada as trustee.
Bankers Petroleum completes U.S.
spin-out
2008-07-15 06:18 MT - News
Release
Bankers Petroleum Ltd. is
providing the following update
in respect of its plan of
arrangement pursuant to which
all of Bankers United States
operations and assets have been
spun out into BNK Petroleum Inc.
The date and time for
determining which Bankers
shareholders are to receive
BNK-U.S. shares was Monday, July
14, 2008, at 4:30 p.m. (Calgary
time). Certificates representing
BNK-U.S. shares are expected to
be sent to registered holders on
or about Thursday, July 17,
2008. Pursuant to the
arrangement, Bankers
shareholders as of the record
time received one BNK-U.S. share
for each 10 Bankers shares.
At the record time, the final
adjustment price was determined
for Bankers' listed common share
purchase warrants. The purchase
warrants listed under the symbol
BNK.WT will have their exercise
price adjusted from 95 cents to
83 cents per Bankers share. The
purchase warrants listed under
the symbol BNK.WT.A will have
their exercise price adjusted
from 90 cents to 79 cents per
Bankers share.
Within the next 10 days, Bankers
intends to complete the
consolidation of the Bankers
shares on the basis of one new
postconsolidation Bankers share
for each three preconsolidation
Bankers shares, subject to
regulatory approval. Upon
completion, the consolidation
will result in the number of
Bankers shares into which the
purchase warrants may be
exercised for to be divided by
three and the exercise prices of
such purchase warrants will be
tripled. The resulting
adjustments to the exercise
prices of the purchase warrants
are expected to be as follows:
- The purchase warrants listed
under the symbol BNK.WT will
have their exercise price
adjusted from 83 cents to $2.49
per Bankers share;
- The purchase warrants listed
under the symbol BNK.WT.A will
have their exercise price
adjusted from 79 cents to $2.37
per Bankers share.
Bankers unlisted common share
purchase warrants and stock
options will be adjusted in
accordance with the same formula
applied to the purchase
warrants. Specific details and
timing in connection with the
consolidation will be released
shortly in a further press
release.
Bankers to list 15,714,286
warrants on March 1
2007-02-27 19:58 ET - Warrants
Called to Trade
TSX bulletin 2007-0272
A total of 15,714,286 common
share purchase warrants of
Bankers Petroleum Ltd.
will be listed and posted for
trading at the open on Thursday,
March 1, 2007, under
the following trading
information:
Warrant symbol: BNK.WT.A
Warrant Cusip No.: 066286 12 1
Designated market-maker: Orion
Securities Inc.
Other markets: None
The listing covers warrants
forming part 31,428,572 units
sold to the public at a
price of 70 cents per unit
pursuant to the terms of a
prospectus dated Feb. 22, 2007.
Each unit consists of one common
share and one-half of a warrant.
The units will
separate immediately upon
closing of the public offering.
Each warrant entitles the holder
to purchase one common share of
the company at
a price of 90 cents per share at
any time prior to 4:30 p.m.
(Calgary time) on March 1,
2012.
The warrants are governed by the
terms of a warrant indenture to
be dated March 1,
2007, between the company and
Computershare Trust Co. of
Canada as trustee.
The warrant indenture provides
for appropriate adjustments to
the warrants in the
event of stock dividends,
subdivisions, consolidations and
other forms of capital
reorganization..
Bankers Petroleum to list on TSX
on Sept. 21
2005-09-19 19:52 ET - New
Listing
TSX bulletin 2005-1078
An application has been granted
for the original listing in the
oil and gas category of
385,083,820 common shares of
Bankers Petroleum Ltd., of which
326,496,283 are
issued and outstanding, and
58,587,537 are reserved for
issuance.
An application has also been
granted for the listing of
16,121,273 common share
purchase warrants, of which
15,728,955 are issued and
outstanding, and 392,318
are reserved for issuance.
Each warrant entitles the holder
to purchase one common share at
a price of 95
cents per share at any time
prior to 4 p.m. (Vancouver time)
on Nov. 10, 2009.
The common shares and the
warrants of the company will be
listed and posted for
trading at the open on
Wednesday, Sept. 21, 2005.
The company is subject to the
reporting requirements of
Section 501 of the Toronto
Stock Exchange company manual.
Common share symbol: BNK
Common share Cusip No.: 066286
10 5
Trading currency: Canadian
dollars
Warrant symbol: BNK.WT
Warrant Cusip No.: 066286 11 3
Trading currency: Canadian
dollars
Designated market-maker: To be
determined
Other markets: The common
shares of the company have been
listed for trading on
the TSX Venture Exchange since
Aug. 12, 2003, and on the AIM
(Alternative
Investment Market) market of the
London Stock Exchange since July
7, 2005. The
warrants of the company have
been listed for trading on the
TSX-V since March 11,
2005, and on the AIM market of
the London Stock Exchange since
July 7, 2005. The
common shares and warrants will
be delisted from TSX-V on Sept.
21, 2005.
Incorporation: The company was
incorporated as Errington Gold
Exploration Ltd.
under the Business Corporations
Act (Ontario) on Aug. 11, 1983.
After several
consecutive name changes, the
company continued under the
Business
Corporations Act (British
Columbia) on June 25, 2004, and
changed its name to
Bankers Petroleum Ltd.
Fiscal year-end: Dec. 31
Nature of business: The company
is in the business of the
acquisition, exploration
and development of oil and gas
properties.
Transfer agent and registrar:
Pacific Corporate Services Ltd.
at its principal offices
in Toronto and Vancouver
Dividends: The company has not
paid any dividends or made any
distributions from
Jan. 1, 2000, to the present.
The company does not anticipate
paying dividends in
the foreseeable future.
Bankers Petroleum purchase
warrants to trade March 11
2005-03-10 16:26 ET - Warrants
Called to Trade
Effective at the opening on
March 11, 2005, the 16,396,273
share purchase warrants
of Bankers Petroleum Ltd. will
commence trading on the TSX
Venture Exchange.
The company is classified as an
"oil and gas exploration and
development"
company.
Corporate jurisdiction: British
Columbia
Capitalization: 16,396,273
warrants with no par value of
which 16,396,273 warrants
are issued and outstanding
Transfer agent: Pacific
Corporate Trust Co.
Trading symbol: BNK.WT
Cusip No.: 066286 11 3
The warrants were issued
pursuant to a private placement
of 30,936,364 units at a
price of 55 cents per unit. Each
unit consists of one common
share and one-half of
one share purchase warrant. Each
whole warrant entitles the
holder to purchase
one common share at a price of
95 cents per share and will
expire on Nov. 10, 2009.
