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Address: 880 - 580 Hornby St
Vancouver BC V6C 3B6
Phone: 604 684 0693
Fax: 604 684 0642
Website:
http://www.sprottresource.com
Warrant Symbol - ST.WT
Number Trading - 27,427,500 FD
Expiration Date - April 28, 2013
Cusip - 86181P 11 2
Exercise Price - $1.50
Warrants called to trade news:
Stonegate Agricom to list on TSX
on April 28
2010-04-26 18:44 MT - New
Listing
TSX bulletin 2010-0474
An application has been granted
for the original listing in the
mining
category of up to 194,044,484
common shares of Stonegate
Agricom Ltd., of
which up to 87,661,992 common
shares will be issued and
outstanding, and up
to 107,382,492 common shares
will be reserved for issuance
upon completion
of an initial public offering.
An application has also been
granted for the
listing of up to 27,427,500
warrants, 22.5 million of which
will be issued
and outstanding, and 4,927,500
of which will be reserved for
issuance upon
completion of the offering.
The common shares and warrants
will be sold to the public in
the form of
units at a price of $1 per unit.
Each unit will consist of one
common share
and one-half of one warrant. The
units will separate immediately
upon
closing of the offering. Each
whole warrant entitles the
holder thereof to
acquire one common share at an
exercise price of $1.50 at any
time before 5
p.m. (Toronto time) on the date
that is three years following
the closing
date of the offering.
read more... || collapse
Listing of the common shares and
warrants will become effective
at 5:01
p.m. on Tuesday, April 27, 2010,
in anticipation of the offering
closing on
Wednesday, April 28, 2010. The
common shares and the warrants,
other than
those which have not been
distributed to the public, will
be posted for
trading at the opening on April
28, 2010.
Common shares
Stock symbol: ST
Cusip: 86181P 10 4
Trading currency: Canadian
dollars
Warrants
Stock symbol: ST.WT
Cusip: 86181P 11 2
Trading currency: Canadian
dollars
Temporary market-maker: W.D.
Latimer Co. Ltd.
Other markets: None
The common shares will be issued
in certificated form.
Registration of
interests in and transfers of
the warrants will be made only
through a
book-entry-only system
administered by CDS Clearing and
Depository Services
Inc. Warrants must be purchased,
transferred and surrendered
through a
participant of CDS. Upon
purchase of any warrants, a
holder of warrants
will receive only a confirmation
from the registered dealer which
is a CDS
Participant and from or through
which the warrants are
purchased.
The warrants will be created and
issued pursuant to the terms of
a warrant
indenture to be dated as of the
closing date between the company
and Equity
Transfer & Trust Company as
warrant agent. The warrant
indenture provides
for appropriate adjustments to
the warrants in the event of
stock
dividends, subdivisions,
consolidations and other forms
of capital
reorganization.
Additional information on the
units may be found in the final
prospectus
dated April 20, 2010, which is
available on SEDAR. Capitalized
terms not
otherwise defined are as defined
in the prospectus.
Incorporation: The company was
formed by articles of
amalgamation under
the Business Corporations Act
(Ontario) (OBCA) on Aug. 18,
2008, as a
result of the amalgamation of
Stonegate Minerals Ltd. (SML)
and 2173177
Ontario Ltd. (NumCo). SML was
formed by articles of
incorporation under the
OBCA on Sept. 27, 2006. NumCo
was formed by articles of
incorporation under
the OBCA on May 15, 2008.
Fiscal year-end: Dec. 31
Nature of business: The company
is engaged in the business of
acquiring,
exploring and developing
agricultural nutrient projects,
and is currently
focused on the exploration and
development of the Mantaro
project and the
Paris Hills project.
Transfer agent and registrar:
Equity Transfer & Trust Company
at its
principal office in Toronto
Distributions: The company has
never declared or paid any
dividends and
currently intends to retain
future earnings, if any, to
finance the
development and growth of its
business, and does not intend to
pay any cash
dividends on the common shares
for the foreseeable future.
Initial public offering:
Pursuant to the terms of the
prospectus, a
maximum of 45 million units at a
price of $1 per unit is being
offered to
the public by GMP Securities LP,
BMO Nesbitt Burns Inc.,
Canaccord
Financial Ltd., Wellington West
Capital Markets Inc., CIBC World
Markets
Inc., Dahlman Rose & Company
LLC, Global Maxfin Capital Inc.
and Toll Cross
Securities Inc., as
underwriters. In addition, the
underwriters have been
granted an overallotment option,
exercisable in whole or in part,
at any
time and from time to time, in
the sole discretion of the
underwriters, for
a period of 30 days from the
closing of the offering, to
purchase up to an
additional 6.75 million unit
shares at a price of 95.31 cents
per unit
share and up to an additional
3,375,000 warrants at a price of
9.38 cents
per warrant, or any combination
thereof, to cover
overallotments, if any,
and for market stabilization
purposes.
Sprott Resource's Stonegate
prices $45-million IPO
2010-04-21 07:17 MT - News
Release
SPROTT RESOURCE CORP. ANNOUNCES
PRICING OF STONEGATE AGRICOM
LTD. INITIAL
PUBLIC OFFERING
Stonegate Agricom Ltd., a
subsidiary of Sprott Resource
Corp. (SRC), has
obtained a receipt for its final
prospectus filed with the
securities
regulatory authorities in each
of the provinces of Canada,
other than
Quebec, and has entered into an
underwriting agreement for its
initial
public offering of 45 million
units of Stonegate at a price of
$1.00 per
unit. Each unit will consist of
one common share of Stonegate
and one-half
of one common share purchase
warrant.
Each warrant will entitle the
holder to acquire one common
share of
Stonegate at an exercise price
of $1.50 for a period of three
years
following the closing of the
offering. The offering will
generate gross
proceeds of $45-million.
Stonegate has granted to the
underwriters an
overallotment option,
exercisable for a period of 30
days from the date of
closing of the offering, to
cover overallotments, if any,
and for market
stabilization purposes. If such
option is exercised in full,
gross proceeds
of the offering will be
$51.75-million. Closing of the
offering is
scheduled for April 28, 2010,
subject to customary closing
conditions.
SRC owns 63,662,000 common
shares or approximately 73 per
cent of the
issued and outstanding common
shares (on a non-fully diluted
basis). SRC
has indicated that it will
purchase 12 million units under
the offering.
Assuming the offering closes and
assuming SRC purchases 12
million units
under the offering, SRC will own
75,662,000 common shares on
closing of the
offering or approximately 57 per
cent of the issued and
outstanding common
shares (on a non-fully diluted
basis).
The underwriting syndicate for
the offering is led by GMP
Securities LP and
includes BMO Capital Markets,
Canaccord Financial Ltd.,
Wellington West
Capital Markets Inc., CIBC World
Markets Inc., Dahlman Rose &
Company, LLC,
Global Maxfin Capital Inc., and
Toll Cross Securities Inc.
Stonegate has received
conditional approval for the
listing of the common
shares and the warrants, and the
common shares of Stonegate
issuable upon
exercise of the warrants, on the
Toronto Stock Exchange under the
symbols
ST and ST.WT, respectively.
Listing is subject to Stonegate
fulfilling all
of the requirements of the TSX
on or before July 7, 2010,
including
distribution of the common
shares and the warrants to a
minimum number of
public holders.
A copy of Stonegate's final
prospectus is available on SEDAR
under
Stonegate's profile.
