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Address: 4500 - 77 King St W
Toronto ON M5K 1K7
Phone: 416 304 4440
Fax: 416 304 4441
Website:
https://www.lifesplit.com
Warrant Symbol - LFE.WT
Number Trading - 8.87 million
Expiration Date - October 27,
2010
Cusip - 136290 11 1
Exercise Price - $15.65
Warrants called to trade news:
Cdn Life Companies to list 8.87
million warrants Jan. 13
2010-01-11 16:06 MT - Warrants
Called to Trade
TSX bulletin 2010-0035
Holders of Class A shares
(symbol: LFE) of Canadian Life
Companies Split Corp. of record
as of the close of business on
Jan. 15, 2010, will be issued
warrants, on the basis of one
warrant for each Class A share
held.
The Class A shares of the
company will commence trading on
an ex distribution basis at the
opening on Jan. 13, 2010, at
which time 8,872,379 warrants
will be posted for trading on a
when-issued basis, under the
following trading information:
Symbol: LFE.WT
Cusip No.: 136290 11 1
Trading currency: Canadian
Designated market-maker:
Independent Trading Group
Markets: None
Each whole warrant entitles the
holder to purchase one unit at a
price of $15.65 per unit on or
before 5 p.m. (Toronto time) on
the earlier of: (a) Oct. 27,
2010; or (b) the date which is
20 business days from the date
after the company calls the
warrants pursuant to the call
option. Each unit consists of
one Class A share and one
preferred share (symbol:
LFE.PR.A) of the company. The
company will have the right, but
not the obligation, to call the
warrants at any time.
read more... || collapse
Additional information on the
warrant offering may be found in
the company's short-form
prospectus dated Jan. 4, 2010,
which is available at SEDAR.
Capitalized terms used but not
otherwise defined are as defined
in the prospectus.
Warrants may be exercised at any
time during the period
commencing at market open
(Toronto time) on Jan. 18, 2010,
and ending at the expiry date.
Warrants not exercised prior to
the expiry date will be void and
of no value.
The company uses the book-entry
only system with respect to the
Class A shares and the preferred
shares and the book-based system
with respect to the warrants,
both of which are administered
by CDS Clearing and Depository
Services Inc. The company may
also use the non-certificated
issue system or another system
administered by CDS.
A warrantholder may subscribe
for the resulting whole number
of units or any lesser whole
number of units by instructing
the participant in CDS holding
the subscriber's warrants to
exercise all or a specified
number of such warrants and
forwarding the subscription
price for each unit subscribed
for in accordance with the terms
of the offering and the warrant
indenture to the CDS participant
that 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 the expiry date.
If mail is used for delivery of
subscription funds, for the
protection of the subscriber
"certified mail return receipt
requested" should be used and
sufficient time should be
allowed to avoid the risk of
late delivery. A subscriber
subscribing through a CDS
participant must deliver its
payment and instructions
sufficiently in advance of the
expiry date to allow the CDS
participant to properly exercise
the warrants on such
subscriber's behalf.
Warrantholders are encouraged to
contact their broker or other
CDS participant as each CDS
participant may have an earlier
deadline for receipt of
instructions and payment.
Subscriptions for units made in
connection with the offering
through a CDS participant will
be irrevocable and subscribers
will be unable to withdraw their
subscriptions for units once
submitted. Warrantholders who
wish to exercise their warrants
and receive units are reminded
that because warrants must be
exercised through a CDS
participant, a significant
amount of time may elapse from
the date of exercise and the
date the units issuable upon the
exercise thereof are issued to
the subscriber.
Each warrantholder that
subscribes for all of the 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. Warrantholders
must exercise all of their
warrants under the basic
subscription privilege 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 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. Any excess funds
will be returned by mail or
credited to a subscriber's
account with its CDS participant
without interest or deduction.
Payment in full of the
subscription price must be
received by the warrant agent
prior to the expiry date,
failing which the subscriber's
entitlement to such units will
terminate. Accordingly, the
subscriber must deliver payment
and instructions sufficiently in
advance of the expiry date to
allow the CDS participant to
properly apply for additional
units under the additional
subscription privilege, as
applicable.
The Class A shares and the
preferred shares are not
registered under the 1933 act.
The offering is made in Canada
and not outside of Canada. The
offering is not, and under no
circumstances is to be construed
as, an offering of any Class A
shares or preferred shares 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 any
offer of shares. Accordingly,
neither a subscription for units
pursuant to the basic
subscription privilege nor an
application for additional units
pursuant to the additional
subscription privilege will be
accepted from any person, or his
agent, who appears to be, or who
the company has reason to
believe is, a national or
resident of the United States.
Each CDS participant for a
shareholder resident outside of
Canada will, prior to the expiry
date, attempt to sell the
warrants allotable to such
shareholder at the price or
prices it determines in its
discretion. Any proceeds
received by the CDS participant
with respect to the sale of
warrants, net of brokerage fees
and costs incurred and, if
applicable, of Canadian tax
required to be withheld, will be
delivered by mailing cheques (in
Canadian funds and without
payment of any interest) as soon
as practicable to such
shareholder whose warrants were
sold, at the shareholder's last
recorded address. Amounts of
less than $1 will not be
forwarded.
The warrants will be governed by
the terms of a warrant indenture
dated as of Jan. 4, 2010,
between the manager, on behalf
of the company 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.
Within 30 days of the proper
exercise of a warrant, the
company will pay a fee of 25
cents per warrant to the dealer
whose client exercised the
warrant.
Toronto Stock Exchange has been
advised the company has not
retained the services of any
securities dealer or broker to
solicit subscriptions for shares
and will not pay any fee or
commission for soliciting such
subscriptions.
