Canadian Warrants

Common share purchase warrants

Also, at the opening on Monday, May 10, 2010, the Elgin common share purchase warrants will commence trading under the trading information set out below, in substitution for the Phoenix common share purchase warrants, which will be delisted at that time.

Warrants:

Stock Symbol: ELG.WT
Cusip: 286401 11 2

As a result of the 1:3 consolidation of the Elgin common shares, three warrants will entitle the holder to purchase one Elgin common share at $6.75 per share until June 25, 2010. All other terms of the warrants remain the same.

Certificates representing the Phoenix warrants will represent good delivery for trades in Elgin warrants.

 
Phoenix Coal to list on TSX on June 30
 
2008-06-26 19:17 MT - New Listing
TSX bulletin 2008-0716
An application has been granted for the original listing in the mining category of 216,303,232 common shares and 37,588,580 common share purchase warrants, of which 150,008,268 common shares and 31,428,580 warrants will be issued and outstanding, and 65,294,964 shares and 6.16 million warrants will be reserved for issuance upon completion of the merger of a wholly owned subsidiary of the company with Phoenix Coal Corp.
Subject to the closing of the merger occurring, scheduled for Friday, June 27, 2008, the common shares and warrants will be listed and posted for trading at the open on Monday, June 30, 2008. The company is subject to the reporting requirements of Section 501 of the Toronto Stock Exchange company manual.
Additional information on the common shares and warrants can be found in the company's prospectus dated June 17, 2008, which is available at www.sedar.com. Capitalized terms not otherwise defined are as defined in the final prospectus.
Shares symbol: PHC
Share Cusip No.: 71903A 10 6
Share trading currency: Canadian dollars
Warrant symbol: PHC.WT
Warrant Cusip No.: 71903A 11 4
Warrant trading currency: Canadian dollars
Temporary market-maker: Dundee Securities Corp.

Other markets: The company, a capital pool company, listed its common shares on the TSX Venture Exchange in August, 2007, under the name Marimba Capital Corp. Subject to the closing of the merger occurring as scheduled, Marimba's common shares will be delisted from TSX-V prior to the commencement of trading of the company's common shares on the TSX. The company will change its name from Marimba to Phoenix Coal upon completion of the merger.
Incorporation: The company was incorporated under the ABCA in February, 2007.
Fiscal year-end: March 31
Nature of business: PrivateCo, which, following completion of the merger, will be a wholly owned subsidiary of the company, is engaged in the exploration, production and sale of coal from the Illinois basin. The primary customers are electric utilities and consumers of industrial fuels. The current mining operations and near-term development projects are located in Western Kentucky. At Dec. 31, 2007, PrivateCo had 43,652,000 tons of proven and probable coal reserves, and 113,316,000 tons of measured and indicated coal resources. During 2007, PrivateCo produced approximately 2.1 million tons of saleable coal from its owned and controlled mines.
Transfer agent and registrar: Computershare Trust Co. of Canada at its principal office in Toronto, Ont.
Dividends: The company does not anticipate paying dividends in the foreseeable future.
Public offering: Pursuant to the terms of the prospectus, 62,857,160 subscription receipts of the company were sold to the public on June 25, 2008, at $1.75 per subscription receipt by Dundee Securities Corp., Cormark Securities Inc., Macquarie Capital Markets Canada Ltd., National Bank Financial Inc., and TD Securities Inc., as agents. Upon completion of the merger each subscription receipt will be exercisable, for no further consideration, into one unit comprising one common share of the company and one-half warrant. In addition, the agents have been granted an overallotment option to purchase up to an additional 9,428,572 unit shares at $1.62 per unit share and/or 4,714,286 warrants at 26 cents per warrant.
Warrants: Each full warrant will entitle the holder to purchase one common share of the company at $2.25 per share for a period of 24 months from the date of closing of the prospectus offering of subscription receipts. The warrants will be governed by the terms of a warrant indenture dated June 25, 2008, between the company and Computershare Trust Co. of Canada, as trustee. The warrant indenture will provide for appropriate adjustments to the rights of the holders of warrants in the event of stock dividends, subdivisions, consolidations or other forms of capital reorganization.