Canadian Warrants - Brick Ltd

Brick Group

The Brick Warehouse LP
16930-114 Avenue
Edmonton, AB T5M 3S2
Tel: (780) 930-6300
Fax: (780) 454-0969
INVESTOR RELATIONS
Email: investor@thebrick.com

Warrant Symbol - BRK.WT
Number Trading - 30 million
Expiration Date - May 27, 2014
Cusip - 107874 14 1
Exercise Price - $1.00

Warrants called to trade news

Brick Group lists shares, delists trust units

2010-12-31 15:43 MT - Change Name
Brick Group Income Fund will become Brick Ltd. and its shares will begin trading on the Toronto Stock Exchange at the open on Wednesday, Jan. 5, 2011, according to the TSX. As in a Dec. 6, 2010, news release, Brick Group received approval to reorganize from an income trust into a corporation. The shares will trade under the symbol BRK. The TSX reports that the fund units, BRK.UN, will delist the same day. Brick Group's 12-per-cent senior secured debentures will continue to trade under the symbol BRK.DB. The fund's Class A common share purchase warrants will continue to trade under the symbol BRK.WT. The TSX reports that the debentures and warrants will have all of the rights and entitlements as they did as fund debentures and warrants. The new warrants, however, will be convertible into common shares at a conversion price of $1 until May 27, 2014.

Brick Group to list 30 million warrants May 28

2009-05-26 17:35 MT - Warrants Called to Trade
TSX bulletin 2009-0653
A total of 30 million Class A trust unit purchase warrants of the Brick Group Income Fund will be listed and posted for trading at the open on May 28, 2009 under the following trading information.

Warrant symbol: BRK.WT
Warrant Cusip No.: 107874 14 1
Designated market-maker: Desjardins Securities Inc.
Other markets: None

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The listing covers warrants forming part of 30,000 debt units sold to the public at a price of $1,000 per debt unit pursuant to the terms of a short form prospectus dated May 21, 2009. Each debt unit consists of $1,000 principal amount of 12-per-cent senior secured debentures, due May 30, 2014, and 1,000 warrants. The units will separate immediately upon closing of the public offering.

Each warrant entitles the holder to purchase one additional Class A trust unit of the fund at a price of $1.00 per trust unit at any time prior to 5 p.m. (Eastern Time) on May 27, 2014.

The warrants will be governed by the terms of a warrant indenture, as may be amended, between the company and Computershare Trust Company of Canada. The warrant indenture provides for appropriate adjustments to the warrants in the event of stock dividends, subdivisions, consolidations and other forms of capital reorganization. In addition, the warrant indenture also provides for certain anti-dilution adjustments in the event of:

A rights offering completed at a price that is less than 95 per cent of the market price of the Class A trust units at the time of the rights offering;
If the fund conducts an issuer bid that is not conducted pursuant to an exemption from the issuer bid requirements of applicable securities legislation and the fair market value of the consideration offered for a Class A trust unit under such issuer bid exceeds the closing price of a Class A trust unit on the next trading day following the last date deposits could have been made pursuant to such issuer bid; or
If the fund issues Class A trust units (or securities convertible into or exchangeable for Class A trust units) pursuant to a non-public offering at a price that is less than 95 per cent of the market price of the Class A trust units at the time of such offering.
See elsewhere in today's Toronto Stock Exchange bulletins for information relating to the listing of debentures.