Canadian General Inv.

Back to main page

Name - Canadian General Inv. Ltd.
Website - http://www.mmaininvestments.com/

Warrant Symbol -CGI.WT
Number  Trading - 1,319,000
Expiration Date - June 30 2007
Cusip - 135825 12 3

 

Warrant Symbol -CGI.WT
Number  Trading - 952,005
Expiration Date -
Cusip - 135825 11 5

Warrants called to trade news

Repricing of warrants approved

1997-07-03 14:08 ET - News Release
Mr Michael Smedley reports
The holders of warrants of the company have approved by extraordinary resolution
the previously announced amendment and restatement of the company's warrant
indenture dated February 10 1995.

Under the terms of the amendment, each existing warrant is subdivided on the
basis of 3.3995 new warrants for each existing warrant so that one new warrant will
be exercisable for one share at an initial exercise price of $11.725.

Previous to these amendments, existing warrants had a price of $39.86 per warrant
to purchase 3.3995 shares.

The subdivision is in effect as of 5 pm Toronto time, July 3 1997. It is expected that
the warrants will commence trading on a split basis on the TSE on or about July 10
1997.

The simplification of terms of the warrants should benefit all warrantholders, as
subject to TSE approval, the exercise ratio of one new warrant to one share will be
maintained should there be future adjustments to the shares as described in the
amended warrant indenture. In addition, there will be improved liquidity from the
public float increasing to approximately 1,319,000 from the current 388,000 warrants.

New warrant certificates (Cusip number 135825 12 3) will be issued in exchange for
existing warrant certificates (Cusip number 135825 11 5). Holders of existing
warrants will shortly receive a letter of transmittal from Montreal Trust Company of
Canada and they are requested to complete and return the document together with
warrants as directed. Warrantholders should only return their existing warrants to
the warrant agent after receiving the official letter of transmittal.

No fractions of the new warrants will be issued to holders. Fractions will be totalled
and the warrant agent will attempt to sell these in the market for the benefit of
entitled holders.

 

 

1995-02-13 04:32 MT - Warrants Called to Trade

 

Common share purchase warrants in respect of 952,005 common shares of Canadian General Investments will be listed and posted for trading on a when issued basis at the opening of business on February 15 1995. At the same time the common shares will commence trading on an ex-distribution basis to account for the pending issuance of the warrants.

 

Symbol:  CGI.WT

Cusip No:  135825 11 5