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Address: 1400 220 Bay Street
Toronto, Ont., M5J 2W4
Phone: 416 360 4653
Fax: 416 360 7783
Website:
http://www.alangeenergy.com
Warrant Symbol - ALE.WT
Number Trading - 123,728,500
Expiration Date - February 22,
2016
Exercise Price - $0.50
Warrants Called to Trade News:
Alange arranges share
consolidation, name change
2011-07-15 15:01 MT - News
Release
Alange Energy Corp. has arranged
the consolidation of its issued
and outstanding common shares on
a one-for-seven basis as
authorized by its shareholders
at the company's annual and
special meeting of shareholders
held on June 15, 2011. The
consolidation is being
undertaken to reduce volatility
in the stock and to make it more
attractive to institutional
investors.
The company will also be
consolidating its issued and
outstanding listed warrants on a
one-for-seven basis, with the
result that each consolidated
warrant will now entitle the
holder to acquire one common
share in the capital of the
company at an exercise price
equal to seven times its
original exercise price, or
$3.50.
read more...
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Commencing at the opening of
trading on Tuesday, July 19,
2011, the common shares in the
capital of the company and
listed warrants will trade on a
postconsolidation basis on the
TSX Venture Exchange.
In conjunction with the
consolidation and on the same
date, the company will be
changing its name to
PetroMagdalena Energy Corp., and
the postconsolidation common
shares and warrants will trade
under the new name and
corresponding new trading
symbols, PMD and PMD.WT,
respectively.
The company's capital structure,
following the consolidation of
its common shares and warrants,
will comprise 142,290,312 common
shares and stock options,
warrants and senior secured
notes as follows.
Stock options
3,471,429 stock options vested
and exerciseable at $3.045 per
share expiring on Aug. 12, 2014;
248,571 stock options vested and
exerciseable at $3.08 per share
expiring on Dec. 11, 2014;
71,429 stock options vested and
exerciseable at $3.045 per share
expiring on June 23, 2015;
417,857 stock options vested and
exerciseable at $3.045 per share
expiring on Sept. 27, 2015;
5,195,000 stock options vested
and exerciseable at $2.10 per
share expiring on May 9, 2016;
128,571 stock options vested and
exerciseable at $2.10 per share
expiring on June 15, 2016;
45,238 stock options vested and
exerciseable at $3.57 per share
expiring on Feb. 27, 2019.
Warrants
16,334,786 listed common share
purchase warrants entitling the
holder to purchase one common
share at $3.50 per warrant until
Feb. 22, 2016;
1,330,714 unlisted common share
purchase warrants entitling the
holder to purchase one common
share at $3.50 per warrant until
Feb. 22, 2016;
Anticipated to be listed for
trading in September, 2011,
subject to regulatory approval.
Senior secured notes
31,050 unlisted senior secured
notes;
Anticipated to be listed for
trading in September, 2011, and
subject to regulatory approval.
No fractional shares or warrants
will be issued if, as a result
of the consolidation, a
registered shareholder would
otherwise become entitled to a
fractional common share or
warrant by virtue of holding
common shares or warrants that
are not in a multiple of seven.
Any fractional shares or
warrants resulting from the
consolidation will be converted
by the company into whole shares
or warrants on the basis that
each fractional share or warrant
that is less than half of a
share or warrant will be
cancelled and each fractional
share or warrant that is at
least half of a share or warrant
will be changed to one whole
common share or warrant.
Alange Energy
$70.03-million prospectus
offering
2011-02-22 19:35 MT - Prospectus
Approved
Alange Energy Corp. has closed
its financing pursuant to its
prospectus dated Feb. 15, 2011,
which was filed with and
accepted by the TSX Venture
Exchange, and filed with and
receipted by the British
Columbia, Alberta, Saskatchewan,
Manitoba, Ontario, New
Brunswick, Nova Scotia, Prince
Edward Island, and Newfoundland
and Labrador commissions on Feb.
16, 2011, pursuant to the
provisions of the applicable
securities acts.
The TSX Venture Exchange has
been advised that the offering
closed on Feb. 22, 2011, for
gross proceeds of $70,035,000
(including the overallotment
option).
Underwriters: GMP Securities LP,
Canaccord Genuity Corp.,
Jennings Capital Inc., Raymond
James Ltd.
Offering: 203 million units;
each unit consisting of one
common share and one-half share
purchase warrant; one whole
warrant to purchase one common
share
Unit price: 30 cents per unit
Warrant exercise price/term:
Each whole warrant entitles the
holder to acquire one additional
common share of the company at a
price of 50 cents per warrant
share until Feb. 22, 2016.
Underwriters' fees: The
underwriters have been granted
14,007,000 compensation units
which is equal to 6 per cent of
the number of units issued
pursuant to the offering
including the overallotment
option. The compensation units
shall have the same terms as the
units sold under the offering.
Overallotment option: The
underwriters were granted an
option to purchase an additional
30.45 million common shares at a
price of 27.9 cents per common
share and 15,225,000 warrants at
a price of 42 cents, for a
period of up to 30 days from the
closing of the offering. The
underwriters have exercised the
overallotment in full.
Listing of warrants:
Effective at the opening
Wednesday, Feb. 23, 2011,
123,728,500 common share
purchase warrants of the company
will commence trading on the TSX
Venture Exchange. The company is
classified as mineral
exploration and development
company.
Corporate jurisdiction: British
Columbia
Capitalization: unlimited
warrants with no par value of
which 123,728,500 warrants are
issued and outstanding pursuant
to a warrant indenture dated
Feb. 22, 2011
Transfer agent: Equity Financial
Trust Company
Trading symbol: ALE.WT
Cusip No.: 011625 11 8
The warrants were issued
pursuant to the company's
prospectus dated Feb. 15, 2011.
Each warrant entitles the holder
to purchase one common share of
the company at a price of 50
cents per share and will expire
on Monday, Feb. 22, 2016.