White Bear Announces Conversion of Subscription Receipts
06 Ottobre 2011 - 1:51AM
Marketwired
White Bear Resources Inc. ("White Bear" or the "Company") (TSX
VENTURE:WBR) is pleased to announce that, further to its news
release of September 30, 2011, the 12,000,000 subscription receipts
(each, a "Subscription Receipt") issued as part of the concurrent
financing undertaken in connection with the Company's reverse
takeover of JSC "Everest Capital" have been converted into units
(each, a "Unit"). Each Unit is comprised of one common share of the
Company (each, a "Share") and one share purchase warrant (each, a
"Warrant"). Each Warrant will be exercisable into one Share at a
price of $0.20 per Share until September 30, 2013, subject to a
right of call of the Company.
Certificates representing the Shares and Warrants will be
delivered to subscribers of the Subscription Receipts this week,
without any additional action required or consideration payable by
the subscribers. The Shares and the Warrants are subject to a four
month and one day hold period, that began on the date of issuance
of the Subscription Receipts.
Kinross Gold Corporation subscribed for 2,350,000 Subscription
Receipts, resulting in proceeds to the Company of $235,000, which
converted into 2,350,000 Shares and 2,350,000 Warrants. The Shares
issued to Kinross represent approximately 9.1% of the Company's
issued and outstanding Shares on an undiluted basis.
WHITE BEAR RESOURCES INC.
Byron Coulthard, President and Director
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: White Bear Resources Inc. Byron Coulthard (604)
687-3067 (604) 682-4309 (FAX)
Grafico Azioni (TSXV:WBR)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni (TSXV:WBR)
Storico
Da Giu 2023 a Giu 2024
Notizie in Tempo Reale relative a (Venture Exchange Canada (TSXV)): 0 articoli recenti
Più White Bear Resources Inc. Articoli Notizie