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Address: 2930 - 181 Bay St
Toronto ON M5J 2T3
Phone: 416 642 6000
Fax: 416 642 6001
Website:
https://www.bromptongroup.com
Warrant Symbol - LBS.WT
Number Trading - 5.03 million
Expiration Date - August
23, 2010
Cusip - 53184C 12 6
Exercise Price - $17.66
Warrants called to trade news:
Life & Banc Split to
list 5.03 million warrants
2010-07-13 18:50 MT - Warrants
Called to Trade
TSX bulletin 2010-0850
Holders of Class A shares
(symbol: LBS) of Life & Banc
Split Corp. of record as of the
close of business on July 19,
2010, will be issued warrants,
on the basis of one-half of one
warrant for each Class A share
held. Each whole warrant
entitles the holder to purchase
one unit at a price of $17.66 on
or before 5 p.m. (Toronto time)
on Aug. 23, 2010. Each unit
consists of one Class A share
and one preferred share (symbol:
LBS.PR.A) of the company.
read more... || collapse
The Class A shares of the
company will commence trading on
an ex distribution basis at the
opening on July 15, 2010, at
which time up to 5.03 million
warrants will be posted for
trading on a when-issued basis,
under the following trading
information:
Symbol: LBS.WT
Cusip: 53184C 12 6
Trading currency: Canadian
Designated market-maker: Peters
& Co. Ltd.
Other markets: None
Additional information on the
warrant offering may be found in
the company's short-form
prospectus dated July 7, 2010,
which is available at SEDAR.
Capitalized terms used but not
otherwise defined are as defined
in the prospectus.
Warrants may be exercised at any
time during the period
commencing at market open
(Toronto time) on July 20, 2010,
and ending at the expiry date.
Warrants not exercised prior to
the expiry date will be void and
of no value.
The company uses the
book-entry-only system
administered by CDS with respect
to the Class A shares, preferred
shares and warrants. A holder of
warrants may subscribe for units
by instructing the CDS
participant holding the
subscriber's warrants to
exercise all or a specified
number of such warrants and
forwarding the subscription
price for each unit subscribed
for to such CDS participant.
A holder of warrants may
subscribe for a whole number of
units by instructing the CDS
participant holding the
subscriber's warrants to
exercise all or a specified
number of such warrants and
forwarding the subscription
price for each unit subscribed
for in accordance with the terms
of the offering and the warrant
indenture to the CDS participant
which holds the subscriber's
warrants.
The entire subscription price
for units 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 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 warrants on such
subscriber's behalf. Units will
be issued on a fully paid basis
only. Class A shares and
preferred shares not issued
prior to the closing of the
record on a distribution record
date will not be eligible to
receive the applicable
distribution. Holders of
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 warrants that
subscribes for units to which
such holder is entitled pursuant
to the basic subscription
privilege may, at any time
during the exercise period,
subscribe for additional units
pursuant to the additional
subscription privilege, if
applicable, at a price equal to
the subscription price for each
additional unit. Holders of
warrants will not be required to
fully exercise all of their
warrants under the basic
subscription privilege in order
to be eligible for the
additional subscription
privilege.
To apply for additional units
under the additional
subscription privilege, a
beneficial holder of warrants
must forward his or her request
to a CDS participant. Payment
for additional units must
accompany the request when it is
delivered to the CDS
participant. Accordingly, the
subscriber must deliver payment
and instructions sufficiently in
advance of the expiry date to
allow the CDS participant to
properly exercise warrants on
such subscriber's behalf and
apply for additional units under
the additional subscription
privilege, as applicable.
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 units will
terminate. Any excess funds will
be returned by mail or credited
to a subscriber's account with
its CDS participant, without
interest or deduction. Units
will be issued on a fully paid
basis only.
Holders of warrants are
encouraged to contact their
broker or other CDS participants
as each CDS participant may have
an earlier cut-off time. Holders
of warrants who wish to exercise
their warrants and receive Class
A shares and preferred shares
are reminded that because
warrants must be exercised
through a CDS participant, a
significant amount of time may
elapse from the date of exercise
and the date the Class A shares
and preferred shares issuable
upon the exercise thereof are
issued to the holder.
The Class A shares and preferred
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 Class A shares
and preferred 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 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. Each CDS participant
will, prior to the expiry date,
attempt to sell for the U.S.
Class A shareholders the
warrants allotable to such U.S.
Class A shareholders at the
price or prices it determines in
its discretion. Any proceeds
received by the CDS participant
with respect to such warrants
are expected to be delivered by
the CDS participant as soon as
practicable to such U.S. Class A
shareholders.
All Class A shareholders whose
recorded address is outside of
Canada, other than those Class A
shareholders who confirm their
eligibility to receive and
exercise warrants, are advised
that their warrants will be held
by their CDS participant for the
account of such Class A
shareholders. The CDS
participant will, prior to the
expiry date, attempt to sell for
such Class A shareholders the
warrants allotable to such Class
A shareholders at the price or
prices it determines in its
discretion. Any proceeds
received by the CDS participant
with respect to such warrants
are expected to be delivered by
the CDS participant as soon as
practicable to such Class A
shareholders.
The warrants will be governed by
the terms of a warrant indenture
to be dated July 19, 2010,
between 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 warrant
exercise fee at the time the
warrant is exercised equal to 27
cents per warrant to the CDS
participant whose client is
exercising the warrant. The
warrant exercise fee payable is
subject to a maximum of $2,500
per beneficial subscriber in
respect of warrants exercised by
or on behalf of any single
beneficial subscriber pursuant
to the basic subscription
privilege.
The Toronto Stock Exchange has
been advised the company has not
retained the services of any
securities dealer or broker to
solicit subscriptions for shares
and will not pay any fee or
commission for soliciting such
subscriptions.
