Canadian Warrants

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.