Canadian Warrants

Successful completion of the warrants offering will provide the company with additional capital that can be used for investment opportunities and it is also expected to increase the trading liquidity of the equity shares and reduce the continuing management expense ratio of the company.

Global Uranium to list 6.85 million warrants Dec. 17

2009-12-15 16:55 MT - Warrants Called to Trade
TSX bulletin 2009-1694
Holders of equity shares (symbol: GUR) of Global Uranium Fund Inc. of record as of the close of business on Dec. 21, 2009, will be issued Class C warrants, on the basis of one whole Class C warrant for each equity share held. Each Class C warrant entitles the holder to purchase one equity share at a price of $2.84 on or before 5 p.m. (Toronto time) on April 30, 2010.

The equity shares of the company will commence trading on an ex distribution basis at the opening on Dec. 17, 2009, at which time up to 6,858,104 Class C warrants will be posted for trading on a when-issued basis, under the following trading information:

Symbol: GUR.WT.C
Cusip No.: 379462 13 8
Trading currency: Canadian
Designated market-maker: Research Capital Corp.
Other markets: None

Additional information on the Class C warrant offering may be found in the company's short-form prospectus dated Dec. 9, 2009, which is available at SEDAR. Capitalized terms used but not otherwise defined are as defined in the prospectus.

The company uses the book-entry only system administered by CDS Clearing and Depository Services Inc. with respect to equity shares, and the Class C warrants. A holder of Class C warrants may subscribe for equity shares by instructing the CDS participant holding the subscriber's Class C warrants to exercise all or a specified number of such Class C warrants and forwarding price for each equity share subscribed for to such CDS participant.

A holder of Class C warrants may subscribe for a whole number of equity shares by instructing the CDS participant holding the subscriber's Class C warrants to exercise all or a specified number of such Class C warrants and forwarding the subscription price for each equity share subscribed for in accordance with the terms of the offering and the warrant indenture to the CDS participant which holds the subscriber's Class C warrants. The subscription price is payable in Canadian funds by certified cheque, bank draft or money order drawn to the order of a CDS participant, by direct debit from the subscriber's brokerage account or, by electronic funds transfer or other similar payment mechanism. All payments must be forwarded to the appropriate office of the CDS participant. The entire subscription price for equity shares subscribed for must be paid at the time of subscription and must be received by the warrant agent prior to the date of the exercise of the Class C warrants. Accordingly, a subscriber subscribing through a CDS participant must deliver its payment and instructions sufficiently in advance of the expiry date to allow the CDS participant to properly exercise the Class C warrants on such subscriber's behalf. Holders of Class C warrants are encouraged to contact their broker or other CDS participants as each CDS participant may have an earlier cut-off time.

Each holder of Class C warrants that subscribes for equity shares to which such holder is entitled pursuant to the basic subscription privilege may, at any time during the exercise period, subscribe for additional equity shares, if applicable, at a price equal to the subscription price for each additional equity share. Holders of Class C warrants will not be required to fully exercise all of their Class C warrants under the basic subscription privilege in order to be eligible for the additional subscription privilege. To apply for additional equity shares under the additional subscription privilege, a beneficial holder of Class C warrants must forward their request to a CDS participant. Payment for additional equity shares, in the same manner as for equity shares, must accompany the request when it is delivered to the CDS participant, as the case may be. Any excess funds will be returned by mail or credited to a subscriber's account with its CDS participant, without interest or deduction. Payment in full of the subscription price must be received by the warrant agent prior to 5 p.m. (Toronto time) on the expiry date, failing which the subscriber's entitlement to such equity shares will terminate. Accordingly, the subscriber must deliver payment and instructions sufficiently in advance of the expiry date to allow the CDS participant to properly exercise Class C warrants on such subscriber's behalf and apply for additional equity shares under the additional subscription privilege.

The equity shares are not registered under the 1933 act. The offering is made in Canada and not in the United States. The offering is not, and under no circumstances is to be construed as, an offering of any equity shares for sale in the United States or an offering to or for the account or benefit of any U.S. person or a solicitation therein of an offer to buy any securities. Accordingly, the Class C warrants may not be distributed to shareholders located in the United States, and no subscriptions will be accepted from any person, or their agent, who appears to be, or who the company has reason to believe is, resident in the United States.

It is expected that the CDS participant will, prior to the expiry date, attempt to sell for the U.S. shareholders the Class C warrants allotable to such U.S. shareholders at the price or prices it determines in its discretion. Any proceeds received by the CDS participant with respect to such Class C warrants are expected to be delivered by the CDS participant as soon as practicable to such U.S. shareholders.

Shareholders whose recorded addresses are outside of Canada, other than the U.S. shareholders, will be permitted to subscribe for equity shares pursuant to the terms of the offering or, if they do not wish to exercise any of their Class C warrants to subscribe for equity shares, will be permitted to sell or otherwise transfer their Class C warrants through a CDS participant provided that they represent to the company that the receipt by them of Class C warrants and the issuance to them of equity shares upon the exercise of the Class C warrants will not be in violation of the laws of their jurisdiction of residence.

The warrants will be governed by the terms of a warrant indenture to be dated on or about Dec. 21, 2009, between the manager, on behalf of the company 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.

The company will pay a solicitation fee at the time the Class C warrant is exercised equal to five cents per Class C warrant to the CDS participant whose client is exercising the Class C warrant.

 

Global Uranium to list Class B warrants June 18

2009-06-16 19:00 MT - Warrants Called to Trade
TSX bulletin 2009-0761
Holders of equity shares of Global Uranium Fund Inc. of record as of the close on June 22, 2009, will be issued Class B warrants, on the basis of one whole Class B warrant for each equity share held. Each whole Class B warrant entitles the holder to purchase one equity share at a price of $3.38 on or before 5 p.m. (Toronto time) on Oct. 5, 2009.

The equity shares of the company will commence trading on an ex distribution basis at the open on June 18, 2009, at which time up to 8,246,584 Class B warrants will be posted for trading on a when-issued basis, under the following trading information.

Class B warrant symbol: GUR.WT.B
Class B warrant Cusip No.: 379462 12 0
Class B warrant trading currency: Canadian dollars
Designated market-maker: Research Capital Corp.
Other markets: None

Additional information on the Class B warrant offering may be found in the company's short form prospectus dated June 9, 2009, which is available at www.sedar.com. Capitalized terms used but not otherwise defined are as defined in the prospectus.

The company uses the book-entry-only system administered by CDS Clearing and Depository Services Inc. with respect to equity shares, and the warrant agent will hold a certificate with respect to Class B warrants. The company may also use the non-certificated issue system or another system administered by CDS. A holder of Class B warrants may subscribe for equity shares by instructing the CDS participant holding the subscriber's Class B warrants to exercise all or a specified number of such Class B warrants and forwarding the subscription price for each equity share subscribed for to such CDS participant.

A holder of Class B warrants may subscribe for a whole number of equity shares by instructing the CDS participant holding the subscriber's Class B warrants to exercise all or a specified number of such Class B warrants and forwarding the subscription price for each equity share subscribed for in accordance with the terms of the offering and the warrant indenture to the CDS participant which holds the subscriber's Class B warrants. The subscription price is payable in Canadian funds by certified cheque, bank draft or money order drawn to the order of a CDS participant, by direct debit from the subscriber's brokerage account or, by electronic funds transfer or other similar payment mechanism. All payments must be forwarded to the appropriate office of the CDS participant. The entire subscription price for equity shares subscribed for must be paid at the time of subscription and must be received by the warrant agent prior to the date of the exercise of the Class B warrants. Accordingly, a subscriber subscribing through a CDS participant must deliver its payment and instructions sufficiently in advance of the expiry date to allow the CDS participant to properly exercise the Class B warrants on such subscriber's behalf.

Each holder of Class B warrants that subscribes for equity shares to which such holder is entitled pursuant to the basic subscription privilege may, at any time during the exercise period, subscribe for additional equity shares, if applicable, at a price equal to the subscription price for each additional equity share. Holders of Class B warrants will not be required to fully exercise all of their Class B warrants under the basic subscription privilege in order to be eligible for the additional subscription privilege. To apply for additional equity shares under the additional subscription privilege, a beneficial holder of Class B warrants must forward their request to a CDS participant prior to 5 p.m. (Toronto time) on the expiry date. Payment for additional equity shares, in the same manner as for equity shares, must accompany the request when it is delivered to the CDS participant, as the case may be. Any excess funds will be returned by mail or credited to a subscriber's account with its CDS participant, without interest or deduction. Payment in full of the subscription price must be received by the warrant agent prior to 5 p.m. (Toronto time) on the expiry date, failing which the subscriber's entitlement to such equity shares will terminate. Accordingly, the subscriber must deliver payment and instructions sufficiently in advance of the expiry date to allow the CDS participant to properly exercise Class B warrants on such subscriber's behalf and apply for additional equity shares under the additional subscription privilege.

The equity shares are not registered under the 1933 Act. The offering is made in Canada and not in the United States. The offering is not, and under no circumstances is to be construed as, an offering of any equity shares for sale in the U.S. or an offering to or for the account or benefit of any U.S. person or a solicitation therein of an offer to buy any securities. Accordingly, the Class B warrants may not be distributed to shareholders located in the U.S., and no subscriptions will be accepted from any person, or their agent, who appears to be, or who the company has reason to believe is, resident in the U.S.

It is expected that the CDS participant will, prior to the expiry date, attempt to sell for the U.S. shareholders the Class B warrants allotable to such U.S. shareholders at the price or prices it determines in its discretion. Any proceeds received by the CDS participant with respect to such Class B warrants are expected to be delivered by the CDS participant as soon as practisable to such U.S. shareholders.

Shareholders whose recorded addresses are outside of Canada, other than the U.S. shareholders, will be permitted to subscribe for equity shares pursuant to the terms of the offering or, if they do not wish to exercise any of their Class B warrants to subscribe for equity shares, will be permitted to sell or otherwise transfer their Class B warrants through a CDS participant provided that they represent to the company that the receipt by them of Class B warrants and the issuance to them of equity shares upon the exercise of the Class B warrants will not be in violation of the laws of their jurisdiction of residence.

The warrants will be governed by the terms of a warrant indenture to be dated on or about June 22, 2009, between the manager, on behalf of the company 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.

The company will pay a solicitation fee at the time the Class B warrant is exercised equal to six cents per Class B warrant to the CDS participant whose client is exercising the Class B warrant. The company has not retained the services of any securities dealer or broker to solicit subscriptions for equity shares and will not pay any fee or commission for soliciting such subscriptions.
 
Global Uranium Fund files final prospectus for warrants

2009-06-12 08:24 MT - News Release
Global Uranium Fund Inc. has filed a final prospectus relating to an offering of warrants to equity shareholders of the company. Each equity shareholder of record on June 22, 2009, will receive one warrant per equity share. One warrant will entitle the holder to purchase an equity share of the company at an exercise price of $3.38 (being the sum of the most recently published NAV per equity share plus the per-equity share fees and expenses of the offering) on or before Oct. 5, 2009, the expiry date. The company has applied to list the warrants (under the ticker symbol GUR.WT.B) and the equity shares issuable on the exercise thereof on the Toronto Stock Exchange. Warrants will be distributed to client accounts on a best-efforts basis after the June 22, 2009, record date.

Successful completion of the warrants offering will provide the company with additional capital that can be used to take advantage of attractive investment opportunities and it is also expected to increase the trading liquidity of the equity shares and reduce the continuing management expense ratio of the company.
 
Global Uranium shares, warrants trade separately July 6

2007-07-04 16:03 MT - Miscellaneous
TSX bulletin 2007-0952
Further to Toronto Stock Exchange bulletin No. 2007-0819, dated June 14, 2007,
which described an initial public offering of units by Global Uranium Fund Inc.,
the redeemable equity shares and transferable warrants to purchase equity shares
comprising the units will trade separately commencing at the open on Friday, July 6,
2007, at which time the units will be delisted.
Under the trading information set out below:
16,235,000 equity shares will be listed of which 10.49 million equity shares are issued and outstanding, and 500,000 equity shares are reserved for issuance; and
Warrants to purchase 5,245,000 equity shares will be listed, all of which will be issued and outstanding. Any fractional warrants resulting from the separation of the units will be rounded down.
Equity shares symbol: GUR
Cusip No.: 379462 10 4
Trading currency: Canadian dollars
Warrant symbol: GUR.WT
Cusip No.: 379462 11 2
Trading currency: Canadian dollars
Designated market-maker: Acker Finley Inc.
 
Registration of interests in and transfers of the equity shares and warrants shall be made only through the book-based system operated by CDS Clearing and Depository Services Inc. Upon purchase of any warrants or equity shares, the shareholders will receive only a customer confirmation from the registered dealer which is a CDS participant and from or through which the warrants or equity shares are purchased. As the equity shares and warrants will trade in the book-based system of CDS, shareholders need not take any action with respect to receiving the equity shares and warrants upon the separation of the units.
Additional information on the units, equity shares and warrants may be found in the final prospectus dated May 29, 2007, which is available at www.sedar.com. Capitalized terms not otherwise defined are as defined in the prospectus.
 
Warrants: Each whole warrant entitles the holder to purchase one equity share of the company at a subscription price of $10.25 on or before 5 p.m. (Toronto time) on June 30, 2010. The warrants will be governed by the terms of a warrant indenture dated June 18, 2007, between the company and Computershare Trust Co. of Canada. Upon the exercise of a warrant, the company will pay a fee equal to 15 cents per warrant exercised to the dealer whose client is exercising the warrant and 10 cents per warrant exercised to the agents. The warrant indenture provides for appropriate adjustments to the rights of holders of warrants in the event of stock dividends, subdivisions, consolidations or other forms of capital reorganization.
 
Redemption of equity shares: Equity shares may be redeemed on the second last business day of November of any year commencing Nov. 27, 2008, subject to certain conditions, but in order to effect such a redemption the equity shares must be surrendered by the last business day of October. Subject to the following, shareholders whose equity shares are redeemed will receive a redemption price in an amount equal to 100 per cent of net asset value per equity share (less any costs associated with the redemption, including brokerage costs). For the redemption dates occurring on Nov. 27, 2008, and Nov. 27, 2009, shareholders must concurrently surrender for redemption one-half of a warrant for each equity share surrendered for redemption and will receive a redemption price for both surrendered securities in an amount equal to 100 per cent of the basic net asset value per equity share (less any costs associated with the redemption, including brokerage costs). The basic net asset value includes the intrinsic net asset value, if any, attributable to the warrants.
 Payment of the redemption price will be made on or before the applicable redemption payment date, subject to the manager's right to suspend redemptions in certain circumstances. Equity shares may also be redeemed on a monthly redemption date, as described in the prospectus.
 
Global Uranium closes $100-million IPO
 
2007-06-18 08:24 MT - News Release
Mr. David Roode reports
GLOBAL URANIUM FUND INC. CLOSES INITIAL PUBLIC OFFERING AT $100 MILLION
Global Uranium Fund Inc. has completed its initial public offering of 10 million units, each consisting of one equity share and one-half of an equity share purchase warrant, at a price of $10 per unit for gross proceeds of $100-million. The company's units begin trading June 18, 2007, on the Toronto Stock Exchange under the symbol GUR.UN.
Global Uranium Fund has been designed to capitalize on strong investment fundamentals in the uranium sector. The company's investment objective is to provide shareholders with the opportunity for capital appreciation by investing in an actively managed and diversified portfolio of equity securities of uranium companies. The company will seek to achieve its investment objective by investing the net proceeds of the offering in a portfolio of equity securities that represent attractive investment opportunities in the global production of uranium and development of uranium deposits. In addition, the portfolio manager will include securities of exploration issuers that offer significant growth potential.
The manager has selected UBS Global Asset Management Co. to manage the portfolio. The portfolio manager is a member of UBS Global Asset Management, one of the world's largest asset management organizations with $828-billion in assets under management and over 470 investment professionals worldwide as of Dec. 31, 2006. The portfolio management team responsible for the company's investment strategy will initially consist of nine analysts with an average of 14 years of experience covering global markets.
The equity shares and warrants will trade as a unit under the symbol GUR.UN until the earlier of the closing of the overallotment or 30 days after closing of the offering. Thereafter, the units will separate into freely tradable equity shares and warrants under the symbols GUR and GUR.WT, respectively. The warrants may be exercised at any time during the three-year period ending June 30, 2010, at an exercise price of $10.25.
The syndicate of agents for the offering is being co-led by RBC Capital Markets and CIBC World Markets Inc. and includes Scotia Capital Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., HSBC Securities Inc., Canaccord Capital Corp., Desjardins Securities Inc., Raymond James Ltd., Blackmont Capital Inc., Dundee Securities Corp., IPC Securities Corp., Research Capital Corp., Wellington West Capital Inc. and Richardson Partners Financial Ltd.