Labrador Iron Mines Holdings

Labrador Iron Mines Warrants
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Labrador Iron Mines
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Name - Labrador Iron Mines Holdings Ltd

Address: 1002 - 111 Richmond St W  Toronto  ON  M5H 2G4

Phone: 416 362 6686  Fax: 416 368 5344
Website - http://www.labradorironmines.ca/

Warrant Symbol - LIR.WT
Number  Trading -
5,736,500
Expiration Date -
December 3, 2009
Cusip - 
505435 11 5
Warrants called to trade news:

 

Labrador Iron units trade when issued

 

2007-11-27 13:54 MT - Prospectus Approved

The following trader note was released by the Toronto Stock Exchange on Tuesday, Nov. 27, 2007, at 9:13 a.m.

Further to TSX bulletin 2007-1650 dated Nov. 22, 2007, a total of 11,473,000 common shares and 5,736,500 common share purchase warrants of the company will commence trading on an if, as and when-issued basis at the open today, Nov. 27, 2007, under the trading information set out below.

 

Common share symbol:  LIR

Common share Cusip No.:  505435 10 7

Common share trading currency:  Canadian dollars

 

 

Warrant symbol:  LIR.WT

Warrant Cusip No.:  505435 11 5

Warrant trading currency:  Canadian dollars

 

The offering is for 11,473,000 units of the company at a price of $4, each unit consisting of one common share and one-half of one warrant, each whole warrant entitling the holder thereof to purchase an additional common share of the company at a price of $5 per share for a period of 24 months from the date of closing. The units will separate immediately upon closing of the public offering as described in the company's prospectus dated Nov. 23, 2007. The closing of the offering is scheduled to occur before the open on Dec. 3, 2007.

Subject to the closing of the offering occurring as scheduled on Dec. 3, 2007, all trades in LIR and LIR.WT in the if, as and when-issued market on Nov. 27, 2007, will be for special settlement on Dec. 3, 2007, and all trades from Nov. 28 up to and including Dec. 3, 2007, will be for settlement three business days after the trade date and all trades in LIR and LIR.WT in the if, as and when-issued market will appear on the settlement report from CDS Clearing and Depository Services Inc.

Upon closing, the TSX will issue a trader note confirming:

 

  1. The closing;

  2. That the common shares and warrants will no longer trade on an if, as and when-issued basis, but will trade thereafter on a regular settlement basis.

 

If the offering does not close, all of the if, as and when-issued trades will be cancelled, no securities will be delivered and no money will be owed by purchasers to sellers. Parties who are entitled to receive common shares and/or warrants under the offering may sell such securities in the if, as and when-issued market without being subject to restrictions on short sales. Parties who are not entitled to receive common shares and/or warrants under the offering must comply with the short sale rules in all respects for any sales they make in the if, as and when-issued markets.

 

 

Labrador Iron Mines Holdings preliminary prospectus

 

Labrador Iron Mines to list on TSX Nov. 27

 

2007-11-27 07:22 MT - News Release

Mr. John Kearney reports

LABRADOR IRON MINES HOLDINGS LIMITED ANNOUNCES FILING OF FINAL PROSPECTUS, APPROVAL OF LISTING ON TORONTO STOCK EXCHANGE UNDER THE TICKER SYMBOL - "LIR"

Labrador Iron Mines Holdings Ltd.'s final prospectus, in connection with the proposed initial public offering of units of the company, has been filed with, and receipted by, the securities regulatory authorities in each of the provinces of Canada, except for Quebec, and the Toronto Stock Exchange has conditionally approved the listing of the company's common shares and common share purchase warrants.

The company has agreed with Canaccord Capital Corp., as agent, to offer 11,473,000 units at a price of $4 per unit. Each unit consists of one common share and one-half of one common share purchase warrant, each whole warrant exercisable to purchase one additional common share at a price of $5 per share at any time prior to 24 months from the closing of the offering. The offering is expected to close on or about Dec. 3, 2007.

The company's shares and warrants have been conditionally approved for listing on the Toronto Stock Exchange and are expected to commence trading on an if-as-and-when-issued basis on Nov. 27, 2007.

The stock ticker symbols on the TSX are as follows.

 

Common shares:  LIR

 

 

Warrants:  LIR.WT

 

In addition, the company has granted Canaccord an overallotment option, exercisable for a period of 30 days following the closing of the offering, to purchase up to an additional 15 per cent of the number of units issued pursuant to the offering at a price of $4 per unit.

The final prospectus is available on SEDAR. Copies of the final prospectus may also be obtained from Canaccord by contacting Amy Patel, Canaccord Capital, 416-869-7368.

We seek Safe Harbor.

 

 

2007-11-22 17:24 MT - Preliminary Prospectus

TSX bulletin 2007-1650

An application has been conditionally approved by the Toronto Stock Exchange for the listing of the common shares and the common share purchase warrants of the company subject to completion of a proposed initial public offering of units (each unit comprising one common share and one-half of one warrant which will separate immediately upon their issuance) as described in the company's amended and restated preliminary prospectus dated Oct. 11, 2007. It is anticipated that, in the next few days, the company will file a final prospectus for its offering of units.

As soon as possible after the final prospectus is cleared by the relevant securities commissions and the TSX has been advised of the definitive pricing details of the offering, the TSX will post the common shares and the warrants for trading on an if, as and when-issued basis under the trading information set out below. Before the common shares and the warrants are posted for trading on such basis, the TSX will issue a trader note confirming both the pricing and the expected closing date for the offering. If and when the offering closes, the common shares and the warrants of the company will be listed on the TSX.

 

Common share symbol:  LIR

Common share Cusip No.:  505435 10 7

Common share trading currency:  Canadian dollars

 

 

Warrant symbol:  LIR.WT

Warrant Cusip No.:  505435 11 5

Warrant trading currency:  Canadian dollars

 

Each warrant will entitle the holder to purchase one common share at an anticipated price of $5 per share for a period of 24 months from the date of closing of the offering.

 

Temporary market-maker:  Byron Securities Ltd.

 

Other markets:  None

 

Settlement:  Subject to the closing of the offering: (i) all trades in LIR and LIR.WT on and before the fourth trading day preceding the closing date will be for special settlement on the closing date and will appear on the settlement report from CDS Clearing and Depository Services Inc. (CDS); and (ii) all trades in LIR and LIR.WT for each of the three trading days preceding the closing date will be for special settlement three business days after the trade date and will appear on the settlement report from CDS. If the offering by way of prospectus does not close, all of the if, as and when-issued trades will be cancelled. No securities will be delivered and no money will be owed by purchasers to sellers. Parties who are entitled to receive common shares and warrants under the offering may sell such securities in the if, as and when-issued market without being subject to restrictions on short sales. Parties who are not entitled to receive common shares and warrants under the offering must comply with the short sale rule in all respects for any sales they make in the if, as and when-issued market.

 If and when the offering closes, there will be no further trading in LIR and LIR.WT on an if, as and when-issued basis, and the common shares and the warrants issued at such closing will trade on a regular settlement basis.

 

Incorporation:  The company was incorporated by articles of incorporation dated May 17, 2007, under the Business Corporations Act (Ontario).

 

Fiscal year-end:  March 31

 

Nature of business:  The company was established to be a holding company and to carry on the business of Labrador Iron Mines Ltd. (LIM). LIM is a natural resource company with the primary business objective of exploring for and developing direct shipping iron ore deposits on properties in which it holds interest located in and around the Labrador trough in the province of Newfoundland and Labrador near Schefferville, Que.

Transfer agent and registrar:  Olympia Trust Co. at its principal office in Toronto

 

 

Dividends:  The company has not, since the date of its incorporation, declared or paid any dividends on common shares and does not currently have a policy with respect to the payment of dividends. The payment of dividends will depend on the earnings, if any, and the company's financial condition and other factors as the directors of the company consider appropriate.

 

 

Initial public offering:  Pursuant to the terms of the prospectus, approximately 11,473,000 units are being offered to the public at a price anticipated to be $4 per unit by Canaccord Capital Corp. as agent. In addition, the agent has been granted: (i) an overallotment option to purchase a number of additional units equal to 15 per cent of the units sold pursuant to the offering; and (ii) compensation warrants to purchase that number of units equal to 6.5 per cent of the number of units issued pursuant to the offering including those sold upon exercise of the overallotment option.