Warrant Symbol - PCR.WT
Number Trading - 21,863,662
Expiration Date - see below
Cusip - 715455 11 9
Warrants called to trade news:
Peru Copper to list on TSX on Oct. 5
2004-11-05 18:52 MT - New Listing
TSX bulletin 2004-1120
An application has been granted for
the original listing in the mining
category of up to 126,950,563 common
shares of which up to 89,553,571
common shares will be issued and
outstanding and up to 37,396,992
common shares will be reserved for
issuance upon completion of the
public offering.
An application has also been granted
for the listing of up to 21,863,662
common share purchase warrants of
which up to 19,626,787 warrants will
be issued and outstanding and up to
2,236,875 warrants will be reserved
for issuance upon completion of the
initial public offering.
Listing of the common shares and
warrants will become effective at
5:01 p.m. on Tuesday, Oct. 5, 2004,
in anticipation of the public
offering closing on Wednesday, Oct.
6, 2004. The common shares and
warrants, other than those which
have not been distributed to the
public, will be posted for trading
on Wednesday, Oct. 6, 2004.
The company will be subject to the
reporting requirements of Section
502 of the Toronto Stock Exchange
company manual.
Capitalized terms not otherwise
defined are as defined in the
prospectus dated Sept. 22, 2004.
Common shares symbols: PCR
Common share Cusip No.: 715455 10 1
Warrants symbols: PCR.WT
Warrants Cusip No.: 715455 11 9
Designated market-maker:
Independent Trading Group
Other markets: None
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Listing Statement No. 5439 is being
prepared and the following
constitutes information appearing in
the statement.
Incorporation: The company was
incorporated by articles of
incorporation on Feb. 24, 2004,
under the Canada Business
Corporation Act. The articles were
amended on March 16, 2004, to delete
certain restriction on the transfer
of shares.
Fiscal year-end: Dec. 31
Nature of business: The company is
engaged in the acquisition,
exploration and development of
natural resource properties. Through
its wholly owned subsidiary, Minera
Peru Copper Syndicate S.A., the
company has an option to acquire
certain mining concessions within
the Morococha mining district in
Peru. The company's primary goal is
to exercise the option and explore
and develop the Toromocho project.
Share capital
Authorized: Unlimited common shares
Issued: 89,553,571 common shares
and 19,626,787 warrants
Reserved warrants: 2,236,875
warrants issuable pursuant to the
exercise of the overallotment
option.
Reserved common shares: 14,912,500
common shares issuable upon the
exercise of the warrants, each whole
warrant entitling the holder to
purchase one common share at $2
(U.S.) per share at any time on or
before 5 p.m. Toronto time March 18,
2006;
4,714,287 common shares issuable
upon the exercise of the placement
warrants, exercisable at $2 (U.S.)
on or before 5 p.m. Toronto time
March 18, 2006;
389,286 common shares issuable
pursuant the agents' options with
each agents' option entitling the
agents to acquire at $1.40 (U.S.)
per share one common share at any
time on or before 5 p.m. Toronto
time March 18, 2007;
8,955,357 common shares issuable
pursuant to the stock option plan --
currently 1.5 million stock options
have been granted exercisable at
$1.40 (U.S.) per share expiring on
Feb. 24, 2004, and June 29, 2004,
and 3,922,000 options have been
granted at $1.65, expiring on Oct.
6, 2009;
6,710,625 common shares issuable
pursuant to the overallotment
option, exercisable at any time for
a period of 30 days from closing of
the offering, with each unit
underlying the overallotment option
consisting of one common share and
one-half of one common share
purchase warrant. Each whole warrant
will entitle the holder to purchase
one common share at the price of $2
(U.S.) at any time before 5 p.m.
Toronto time March 18, 2006; and
1,714,937 common shares issuable
pursuant to the exercise of the
underwriters' warrants with each
warrant exercisable into one common
share at $1.65 per share for 12
months from the closing of the
offering.
Dividends: The company has not paid
any dividends since incorporation
and dividends will not be paid in
the foreseeable future.
Public offering: Pursuant to a
prospectus dated Sept. 22, 2004, BMO
Nesbitt Burns Inc., GMP Securities
Ltd., Haywood Securities Inc.,
National Bank Financial Inc.,
Canaccord Capital Corp., Salman
Partners Inc. and Sprott Securities
Inc., as underwriters, are offering
up to 29,825,000 units to the public
at $1.65 per unit.
Each unit consists of one common
share and one-half of a common share
purchase warrant. Each whole warrant
will entitle the holder to purchase
one common share at a price of $2
(U.S.) per common share until 5 p.m.
Toronto time on March 18, 2006. The
net proceeds of the offering
(assuming no exercise of the
overallotment option), after
deducting the underwriters'
commission of $1,461,300 and
estimated expenses of the offering
of approximately $1.3-million, is
estimated to be approximately
$46,449,950, and to be used
approximately as follows:
(a) $21.6-million for phases I and
II of the Toromocho project drilling
and related expenses;
(b) $2.0-million for metallurgical
sampling and testing;
(c) $400,000 for other testing and
studies;
(d) $6.9-million for land
acquisitions; and
(e) $15.5-million for working
capital and general corporate
purposes.