Canadian Warrants

time up to and including April 14, 2014, and, thereafter, each warrant entitles the holder to purchase one common share at a price of $8.50 per common share, each subject to adjustment in certain events. The warrants will expire at 5 p.m. ET on Nov. 30, 2016. The company expects the warrants to be listed on the Toronto Stock Exchange under the symbol GAA.WT.A once the conditions to that listing have been satisfied.

A total of 8,787,142 units (out of a maximum of 7,768,878 units available) were subscribed for by holders of rights, representing an approximate 13-per-cent oversubscription, with 6,867,885 units, representing more than 88 per cent of the available units, being subscribed for pursuant to the basic subscription privilege, and the remaining being subscribed for pursuant to the additional subscription privilege. As a result, the standby commitment of Gazit Maple Inc. was not exercised. Investors should consult with their brokers or other intermediaries through which they exercised rights to determine their allotment of units under the additional subscription privilege. In all, a total of 7,768,878 common shares and 7,768,878 warrants were issued pursuant to the offering of rights for gross proceeds of approximately $48.9-million.

As no rights were delivered to any registered or beneficial holder of Gazit America's common shares who had, or who appeared to the company or Computershare Investor Services Inc. to have, an address not in Canada as of the record date, in lieu of rights, such non-resident shareholders have received, or will shortly receive, their pro rata share of the cash proceeds (if any) from the sale of such rights, less commissions, expenses and applicable withholding taxes. Further information regarding the offering of rights can be found in the short-form prospectus of the company dated March 28, 2011, filed under the company's profile on SEDAR.

In connection with its offering of rights, the company also announced today the adjustment to the terms of the common-share purchase warrants issued pursuant to a warrant indenture dated as of Sept. 17, 2010, between the company and Computershare Trust Co. of Canada. Effective immediately after 4 p.m. ET on May 11, 2011, the exercise price of the existing warrants was adjusted in accordance with the warrant indenture to equal $5.63 per common share for the period up to and including Nov. 30, 2013, and $6.57 per common share thereafter until expiry of the existing warrants at 5 p.m. on Nov. 30, 2015, unless the exercise price is further adjusted in accordance with the terms of the warrant indenture. Also effective immediately after 4 p.m. ET on May 11, 2011, the number of common shares issuable upon the exercise of each existing warrant will be equal to 1.0656 common shares. In accordance with the warrant indenture, the number of common shares to be issued upon exercise of the existing warrants will be rounded down, as applicable.

Gazit America amends warrant terms

2011-05-12 18:21 MT - Miscellaneous
Gazit America Inc.'s warrants (GAA.WT) currently entitle holders thereof to acquire one share of Gazit for $6 per share until Nov. 30, 2013, and for $7 per share from then until 5 p.m. (Toronto time) on Nov. 30, 2015, according to the Toronto Stock Exchange. As a result of the company's rights offering, the warrants will now entitle holders to buy 1.065625 shares at $5.630498534 per share until Nov. 30, 2013, and at $6.568914956 per share from then until Nov. 30, 2015, starting at the open on May 12, 2011.

Gazit America to list 2.68 million warrants Sept. 17

2010-09-15 15:13 MT - Warrants Called to Trade
TSX bulletin 2010-1078
A total of 2,689,575 common share purchase warrants of Gazit America Inc. will be listed and posted for trading at the opening on Friday, Sept. 17, 2010, under the following trading information:

Symbol: GAA.WT
Cusip: 36829N 12 8
Trading currency: Canadian
Designated market-maker: RBC Capital Markets
Other markets: None

The warrants were issued in connection with a recently completed rights offering and private placement by the corporation whereby shareholders had the right to purchase units, each unit consisting of one common share and one warrant. Details of the rights offering were contained in exchange bulletin 2010-0954, dated Aug. 11, 2010.

Each whole warrant will entitle the holder to purchase one common share of the corporation at an exercise price of $6 per share up to and including Nov. 30, 2013, and, thereafter, at a price of $7 per share until the expiry time of 5 p.m. (Toronto time) on Nov. 30, 2015.

The warrants are governed by the terms of a warrant indenture to be dated Sept. 17, 2010, between the corporation and Computershare Trust Company of Canada as warrant agent. The warrant indenture provides for appropriate adjustments to the warrants in the event of stock dividends, subdivisions, consolidations and other forms of capital reorganization.