Canadian Warrants

Symbol: AC.WT
Cusip: 008911 13 3
Trading currency: Canadian
Designated market-maker: RBC Capital Markets
Other markets: None

Transfer agent: CIBC Melon Trust Company at its principal offices in Montreal, Toronto, Vancouver, Calgary and Halifax

The warrants will be issued pursuant to an offering by short form prospectus dated Oct. 21, 2009, whereby 160.5 million units are to be sold at a price of $1.62 per unit. Each unit comprises one Class A variable voting share or one Class B voting share of the company, and one-half of one warrant. Each whole warrant will entitle the holder thereof to acquire one variable voting share or one voting share at an exercise price of $2.20 per share at any time prior to 5 p.m. (Toronto time) on the date that is 36 months following the closing of the offering, subject to adjustment and early termination as described below. The shares and the warrants under the units will separate immediately upon closing of the offering. The closing of the offering is expected to occur prior to the opening of business on Tuesday, Oct. 27, 2009.

In the event that, prior to the time of expiry of the warrants, the 20-day volume weighted average trading price of the variable voting shares on the Toronto Stock Exchange is equal to or greater than $4 or the 20-day volume weighted average trading price of the voting shares on the TSX is equal to or greater than $4, the company shall have the right, at its option, within 10 business days after the acceleration event, to accelerate the time of expiry of the warrants provided that the company delivers a notice to the warrantholders, the warrant agent (as defined below) and the TSX, not more than 60 days and not less than 30 days prior to the date fixed as the new expiration date. The notice (which may be conditional as set forth in the warrant indenture (as defined below)) shall specify the date that such warrants will have been deemed to expire, which date shall be not less than 30 days following the date of such notice.

Registration of interests in and transfers of the warrants will be made through the book-based system administered by CDS Clearing and Depository Services Inc., the whole subject to applicable law. Warrants must be purchased, transferred and surrendered for redemption, exchange or retraction through a CDS participant. Upon a purchase of warrants, the owner will receive only the customary confirmation.

The warrants will be issued under a warrant indenture to be entered into between the company and CIBC Mellon Trust Company as of the date of the closing of the offering. The warrant indenture provides for appropriate adjustments to the warrants in the event of stock dividends, subdivisions, consolidations and other forms of capital reorganization. Refer elsewhere in today's bulletins for additional information on the listing of the shares.


1993-12-14 15:43 MT - Warrants Called to Trade
Further to the VSE notice dated effective December 21 1993, the terms of the warrants are as follows:
Trading symbol: AC.WT
Security No: 873392
Cusip No: 008911 11 7
Separation of units
1993-12-14 07:06 MT - Miscellaneous
The common shares and the warrants which comprise the units will trade separately commencing at the opening of business on Tuesday December 14 1993, at which time the units will be delisted.
Symbol: AC.WT
Cusip No: 008911 11 7

Warrants listed

1993-12-13 15:50 MT - Miscellaneous
Further to the VSE notice dated December 6 1993, the VSE has been advised that the separation date of the units into common shares and warrants will be the close of business December 20 1993.

Effective at the close of business December 20 1993 the units will be delisted and the share purchase warrants and additional common shares will be posted and called for trading on the VSE effective at the opening of trading December 21 1993.

Warrant capitalization: 21,750,000 outstanding
Transfer agent: R-M Trust
Trading symbol: AC.WT
Security No: 873392
Cusip No: 008911 11 7