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Address: 2600 - 40 King St W
Toronto ON M5W 2X6
Phone: 416 863 7301
Fax: 416 863 7425
Website:
http://www.scotiamanagedcompanies.com
Warrant Symbol -
BSC.WT
Number Trading - 1,239,204
Expiration Date - July 7, 2011
Cusip - 05567U 10 7
Exercise Price - $50.84
Warrants called to trade news
2010-12-03 18:04 MT -
Warrants Called to Trade
BNS Split Corp. II will list
1,239,204 warrants on the
Toronto Stock Exchange, which
will begin trading at the open
on Dec. 7, 2010. The warrants
will trade under the symbol
BSC.WT. According to a Nov. 30,
2010, short form prospectus, BNS
will issue the warrants to
shareholders of record on Dec.
9, 2010. Each warrant allows the
holder to buy one BNS unit at
$50.84, from Dec. 10, 2010, to
July 7, 2011. Each unit consists
of two common shares and one
Class B preferred share, Series
1.
BNS Split Corp. II (the
‘‘Company’’) will issue to the
holders of record of outstanding
Capital Shares (the ‘‘Capital
Shares’’) of the Company at the
close of business (Toronto time)
on December 9, 2010 (the
‘‘Record Date’’), up to
1,239,204 warrants (the
‘‘Warrants’’), to subscribe for
and purchase an aggregate of up
to 1,239,204 Units, each Unit
consisting of two Capital Shares
and one Class B Preferred Share,
Series 1 (a ‘‘Series 1 Preferred
Share’’) of the Company. This
prospectus qualifies the
distribution of the Warrants and
the Capital Shares and Series 1
Preferred Shares issuable upon
the exercise thereof
Record Date
December 9, 2010, subject to
obtaining all necessary
regulatory and exchange
approvals
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Commencement Date
Warrants may be exercised
commencing on December 10, 2010
Expiry Date and Time
Warrants not exercised by 5:00
p.m. (Toronto time) on July 7,
2011 will be void and
have no value
Subscription Price
The Subscription Price for the
Warrants is $50.84 which is the
most recently calculated
Unit Value prior to the
date hereof plus the estimated
per Unit fees and expenses of
the Offering
Basic Subscription Privilege
Each holder of a Capital Share
(‘‘Shareholder’’) at the close
of business (Toronto time)
on the Record Date will
be entitled to receive one-half
of one Warrant for each Capital
Share held. Each Warrant
entitles the holder thereof to
subscribe for one Unit, each
Unit consisting of two
Capital Shares and one Series 1
Preferred Share at the
Subscription Price prior to 5:00
p.m. (Toronto time) on the
Expiry Date. See ‘‘Details
of the Offering—Basic
Subscription Privilege’’
Additional Subscription
Privilege
Holders of Warrants who
exercise their Warrants under
the Basic Subscription Privilege
may also subscribe pro
rata for Additional Units not
subscribed for initially, if
any, on
the basis s
No Minimum Issue Size
The completion of the Offering
is not conditional upon the
receipt by the Company of
any minimum amount of
subscription proceeds
The outstanding Capital Shares
and Series 1 Preferred Shares
are listed and posted for
trading on the Toronto Stock
Exchange (the ‘‘TSX’’) under the
trading symbols ‘‘BSC’’ and
‘‘BSC.PR.B’’, respectively. The
closing prices for the
outstanding Capital Shares and
Series 1 Preferred Shares on the
TSX on November 29, 2010 were
$14.86 per Capital Share and
$19.54 per Series 1 Preferred
Share. The TSX has conditionally
approved the listing of the
Warrants and the additional
Capital Shares and Series 1
Preferred Shares issuable upon
the exercise thereof. Listing
will be subject to the Company
fulfilling all of the listing
requirements of the TSX on or
before February 7, 2011. There
is currently no market through
which the Warrants may be sold
and purchasers may not be able
to resell Warrants issued under
this prospectus. This may affect
the pricing of the Warrants in
the secondary market, the
transparency and availability of
trading prices, the liquidity of
the securities and the extent of
issuer regulation. See ‘‘Risk
Factors’’
Issue of Warrants and Record
Date
Subject to the Company obtaining
all necessary regulatory and
exchange approvals, Shareholders
will receive Warrants on the
basis of one-half of one Warrant
for each whole Capital Share
held at the close of business
(Toronto time) on the Record
Date. The Warrants entitle the
holders thereof to subscribe for
and purchase from the Company an
aggregate of up to 1,239,204
Units, assuming exercise in full
of the Warrants
offered hereunder. The Company
will also issue Warrants on the
same basis to the holders of the
Class J Shares and Class S
Shares.
The Warrants will be registered
in the name of CDS or its
nominee. Shareholders hold their
Capital Shares through a CDS
Participant and will not receive
physical certificates evidencing
their ownership of Warrants. See
‘‘Delivery Form and Denomination
of the Warrants’’.
Subscription Basis
One Warrant entitles the holder
to subscribe for one Unit
(consisting of two Capital
Shares and one Series 1
Preferred Share) at the
Subscription Price.
Subscription Price
The Subscription Price for the
Warrants is $50.84 which is the
most recently calculated Unit
Value prior to the date hereof
plus the estimated per Unit fees
and expenses of the Offering.
Commencement Date, Exercise
Period and Expiry Date and Time
Warrants may be exercised
commencing on December 10, 2010
and prior to 5:00 p.m. (Toronto
time) on July 7, 2011. Warrants
may be exercised at any time
during the Exercise Period.
Holders of Warrants who exercise
the Warrants will become holders
of Capital Shares and Series 1
Preferred Shares issued through
the exercise of the Warrants.
WARRANTS NOT EXERCISED PRIOR TO
5:00 P.M. (TORONTO TIME) ON THE
EXPIRY DATE WILL BE VOID. If a
Shareholder does not exercise or
sells the Warrants, then the
value of the
Capital Shares held by that
Shareholder may be diluted as a
result of the exercise of
Warrants by others. See
‘‘Dilution to Existing
Shareholders’’ below
Stock Data: Recent Stock
Performance:
Current Price (11/19/2010): 3.30
(Figures in Australian Dollars)
1 Week -1.8% 13 Weeks 7.1%
4 Weeks 13.8% 52 Weeks -11.3%
Ivanhoe Australia Limited Key
Data:
Ticker: IVA Country: AUSTRALIA
Exchanges: FRA OTC Major
Industry: Oil, Gas, Coal &
Related Services
Sub Industry: Exploration,
Drilling Service & Equip
2008 Sales
(Year Ending Jan 2009).
Employees: 70
Currency: Australian Dollars
Market Cap: 1,380,753,340
Fiscal Yr Ends: December Shares
Outstanding: 418,410,103
Share Type: Ordinary Closely
Held Shares: 267,878,807