Address: 1730 - 999 Hastings St
W Vancouver BC V6C 2W2
Phone: 604 682 6229
Fax: 604 682 6205
Warrant Symbol - FCO.WT
Number Trading - 26,666,667
Expiration Date - May 8, 2013
Exercise Price - $2.00
Warrants Called to Trade News:
Formation Metals to list 26.66 million warrants on TSX
2011-03-08 17:04 MT - Warrants Called to Trade
Formation Metals Inc.'s 26,666,667 warrants will begin trading on the Toronto Stock Exchange at the open on Thursday, March 10, 2011, according to the TSX. As in a March 2, 2011, short form prospectus, Formation is issuing the warrants pursuant to a private placement of units. Each unit consists of one common share and one-half warrant. Each warrant entitles the holder to buy one common share of the company at $2 for 36 months.
Formation Metals completes $80-million financing
2011-03-10 07:09 MT - News Release
Formation Metals Inc. has completed the equity financing reported in Stockwatch on Jan. 27, 2011, in the full amount for gross proceeds of $80-million. The financing was sold in all of the provinces of Canada, except Quebec, and certain offshore jurisdictions and consists of units priced at $1.50 per unit. Each unit comprises one common share in the capital of the company and one-half of one common share purchase warrant. Each whole common share purchase warrant will entitle the holder to purchase one common share for 36 months at a price of $2. The company's common shares currently trade on the Toronto Stock Exchange under the symbol FCO and the warrants have been approved for listing on the Toronto Stock Exchange under the symbol FCO.WT.
The company plans to use the proceeds of the financing to finance the continuation of engineering, procurement and construction at the Idaho cobalt project, for reclamation bonding requirements, and for general corporate purposes. "We are