Davie Yards
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Davie Yards Warrants |
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Davie Yards |
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Name - Davie Yards
Address: 22 George-D Davie St
Levis QC G6V 8V5
Phone: 418 837 5841 Fax: 418 835
1017
Website -
http://www.davie.ca/
Warrant Symbol -
DAV.WT
Number Trading - 15,375,000
Expiration Date -
Feb. 20, 2010
Cusip - 238681 11 8
Warrants called to trade news:
The Globe and Mail Reports:
Davie Yards Inc. Completes its Initial Public Offering Marketwire
Davie Yards Inc. ("Davie" or the "Company"), the largest shipyard in Canada, is pleased to announce it has closed an initial public offering (IPO) on the Toronto Stock Exchange raising approximately C$41,512,500 through the issuance of 30,750,000 units at a price of C$1.35 per unit. Each unit is composed of one common share and one half of one common share purchase warrant, with each whole common share purchase warrant giving the holder the right to purchase one common share from Davie at a price of C$2.00 for a period of two years following the closing of the IPO.
Dundee Securities Corporation acted as sole underwriter of the initial public offering. Davie has granted the underwriter an over-allotment option exercisable at the discretion of the underwriter to purchase up to an additional 15% of the aggregate maximum number of Common Shares and Warrants offered under the IPO, for a period of 30 days following the closing of the IPO.
The Toronto Stock Exchange has approved the listing of the Common Shares under the symbol "DAV" and the Warrants under the symbol "DAV.W".
This press release is not an offering of securities for sale in the United States. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from the registration requirements of that Act.
About Davie Yards Inc.
Davie Yards Inc. owns and operates the Davie Shipyard. With over 180 years of operating experience, the Davie Shipyard is the largest and among the most sophisticated shipbuilding facilities in North America. The company builds, converts and repairs a wide range of sophisticated ships and other marine vessels, with a primary focus on complex and technologically advanced vessels for the offshore oil exploration and production services sector.
FOR FURTHER INFORMATION PLEASE CONTACT:
Davie Yards ASA Sigurd Lange Chief Executive Officer + 47 67 200 300 418-837-5841
Davie Yards to list on TSX on Feb. 20
2008-02-19 15:19 MT - New Listing
TSX bulletin 2008-0190
The following trader note was released by the Toronto Stock Exchange on Tuesday, Feb. 19, 2008, at 8:34 a.m.:
An application has been granted for the original listing in the industrial category of 154,678,750 common shares and 17,681,250 share purchase warrants of Davie Yards Inc., of which 120.35 million shares and 15,375,000 warrants will be issued and outstanding, and 34,328,750 shares and 2,306,250 warrants will be reserved for issuance upon completion of an initial public offering.
Listing of the shares and warrants will become effective at 5:01 p.m. on Tuesday, Feb. 19, 2008, in anticipation of the offering closing prior to the open on Wednesday, Feb. 20, 2008. The shares and the warrants, other than those which have not been distributed to the public, will be posted for trading at the open on Wednesday, Feb. 20, 2008.
The shares and the warrants will at all times be represented by global certificates issued in registered form to be held by CDS Clearing and Depository Services Inc. Individual certificates will not be issued. Shares and warrants must be purchased, transferred or sold directly through a participant in the CDS Clearing and Depository Services Inc. book-entry system.
The company is subject to the reporting requirements of Section 501 of the TSX company manual.
Additional information on the shares and warrants may be found in the company's prospectus dated Feb. 11, 2008, which is available at www.sedar.com. Capitalized terms not otherwise defined herein are as defined in the prospectus.
Share symbol: DAV
Share Cusip No.: 238681 10 0
Share trading currency: Canadian dollars
Warrant symbol: DAV.WT
Warrant Cusip No.: 238681 11 8
Warrant trading currency: Canadian dollars
Temporary market-maker: Dundee Securities Corp.
Other markets: None
Incorporation: The company was incorporated under the Canada Business Corporations Act on Sept. 12, 2006, under the name 4370422 Canada Inc. The company changed its name on Oct. 31, 2006, to Davie Quebec Inc. and subsequently changed its name on Dec. 18, 2007, to Davie Yards.
Fiscal year-end: Dec. 31
Nature of business: The company operates the Davie shipyard, the largest ship-building facility in Canada. The company intends to build, convert and repair sophisticated ships, and complex offshore vessels for commercial and governmental customers.
Transfer agent and registrar: Computershare Investor Services Inc. at its principal offices in Montreal and Toronto
Dividends: The company does not intend to pay dividends in the foreseeable future.
Public offering: Pursuant to the terms of the prospectus, 30.75 million units are being offered to the public at a price of $1.35 per unit by Dundee Securities Corp., as underwriter. Each unit consists of one share and one-half of one warrant. In addition, the underwriter has been granted an overallotment option to purchase up to 15 per cent of the number of units sold pursuant to the offering. The units will separate immediately on closing of the offering.
Warrants: Each whole warrant will entitle the holder to purchase one share of the company at a price of $2 per share at any time before 5 p.m. (Montreal time) on Feb. 20, 2010. The warrants will be governed by the terms of a warrant indenture to be dated Feb. 20, 2008, between the company and Computershare Trust Co. of Canada.