Canadian Warrants - ICS Copper Systems Ltd

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ICS Copper Systems Ltd

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Address: 202 - Yale Ct Plaza,
2526 Yale Ct Rd
Abbotsford BC V2S 8G9
Phone: 604 859 3007
Fax: 604 859 3008
Website - https://www.icscopper.com/index.html

Warrant Symbol - ICX.WT
Number Trading - 5 million
Expiration Date - May 4, 2009
Cusip - 45107L 11 8
Exercise Price - $1.30

Warrants called to trade news:

ICS Copper to begin trading on TSX-V May 8

2007-05-07 16:09 MT - New Listing
The company's initial public offering prospectus dated March 30, 2007, has been filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the British Columbia, Alberta, Manitoba and Ontario securities commissions, on April 4, 2007, pursuant to the provisions of the applicable securities act.

The gross proceeds received by the company for the offering were $8.5-million (10 million common shares at 85 cents per share, with one-half warrant attached. Each whole warrant entitles the holder to acquire one additional common share at $1.30 for a period of two years). The company is classified as a mineral exploration company.

Commence date: At the opening, Tuesday, May 8, 2007, the common shares and share purchase warrants will commence trading on the TSX Venture Exchange.
Corporate jurisdiction: British Columbia
Capitalization: Unlimited common shares with no par value, of which 24,434,120 common shares are issued and outstanding

Escrowed shares: 8,210,120 common shares are subject to a 36-month staged release escrow
Transfer agent: Pacific Corporate Trust Company
Trading symbol: ICX
Cusip No.: 45107L 10 0

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Agent: Canaccord Capital Corp.

Capitalization on warrants: Five million Series A warrants issued and outstanding. One whole Series A share purchase warrant entitles the holder to purchase one common share at $1.30 to Monday, May 4, 2009.

Warrant trading symbol: ICX.WT

Warrant Cusip No.: 45107L 11 8

Greenshoe option: The agent has overallotted the offering to the extent of 1.5 million units, although it has not exercised the overallotment at the date hereof. The company was granted a greenshoe option entitling the agent to purchase a total of 1.5 million units at a price of 85 cents up to the close of business on June 29, 2007.

Agent's warrants: Up to 1.15 million non-transferable share purchase warrants, one warrant to purchase one share at 85 cents per share for a two-year period

For further information, please refer to the company's prospectus dated March 30, 2007.

From final Prospectus filed on Sedar

ICS Copper Systems Ltd. (the "Company") is hereby offering to purchasers resident in the provinces of British Columbia, Alberta, Manitoba and Ontario and any other mutually agreed Province of Canada (the "Canadian Jurisdictions"), and certain offshore jurisdictions, through its agent, Canaccord Capital Corporation (the "Agent"), up to 10,000,000 Units at a price of $0.85 per Unit (the "Offering"). Each Unit is comprised of one (1) Class A Voting Common Share (the "Shares") and one-half of one transferable share purchase warrant, each whole warrant (a "Warrant") entitling the holder to purchase one Class A Voting Common Share (a "Warrant Share") for a period of 24 months after closing at a price of $1.30 per Warrant Share. This Prospectus qualifies the distribution of the Shares and Warrants comprising the Units. The Offering is subject to closing occurring within 90 days from the issuance of the final receipts for this prospectus. See “Plan of Distribution – Offering”.

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Warrant Terms

Expiration Date: The last day the warrants can be exercised. If warrants aren't going to be exercised then they must be sold the day before the expiry date. The longer the time to expiry the more valuable the warrants.

Leverage: A measure of how much you can increase your exposure to a share if you bought warrants instead of making a direct investment. It is the current share price divided by the current price of the warrant.

Intrinsic Value: The difference between the exercise price and the actual trading price of the common stock. Once the common has gone over the exercise price, the warrants are "In the Money."

Volatility: The higher the volatility rating, the higher the price of the warrant. Historical volatility is calculated by using the standard deviation of an underlying stock price over a specific period.

Time Value: The difference between the current warrant price and its intrinsic value. Interpreted as the consideration paid for the advantage the warrant buyer has over the direct investor.

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