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Address: 300 - 181 Bay St
Toronto Ont Canada M5J 2T3
Phone: 416 369 2512 / 647-503-6516
Fax: 416 365 9642
Web Site: http://pvii.ca/
Email: ir@pvii.ca
 
Warrant Symbol - PVF.WT
Number  Trading - 73,546,897
Expiration Date - June 30, 2026
Cusip - 70214M 11 4
Exercise Price - $32.45

Warrants called to trade news

Partners Value completes first step of reorganization

2016-06-30 06:50 MT - News Release

Pursuant to the arrangement: up to 73,546,897 equity LP units will be issued to shareholders of the company at an issue price of $25.96 per equity LP unit; up to 19,997,402 Series 1 preferred LP units will be issued to shareholders of the company at an issue price of $25 (U.S.) per Series 1 preferred LP unit; and 73,544,024 warrants were issued to shareholders of the company. The exercise price of the warrants is $32.45. Five warrants are required to purchase one non-voting exchangeable share of the company. The non-voting exchangeable shares will be exchangeable for equity LP units of the partnership at the option of the holder. The warrants will expire on June 30, 2026. It is anticipated that the equity LP units, Series 1, preferred LP units and warrants will commence trading today on the TSX Venture Exchange under the symbols PVF.UN, PVF.PR.A and PVF.WT, respectively.

The common shares of the company ceased trading on the TSX Venture Exchange on June 29, 2016, after the market closed and will be delisted from the TSX Venture Exchange on July 4, 2016.

For further details concerning the arrangement and the steps thereunder, please consult the management information circular mailed to shareholders of the company on May 4, 2016.

We seek Safe Harbor.

© 2018 Canjex Publishing Ltd. All rights reserved.

Partners Value Investments reorganization


2016-06-29 17:39 MT - Reorganization

Trading symbols

Equity LP unit: PVF.UN
Series 1 preferred LP unit: PVF.PR.A
PVI warrants: PVF.WT

Cusip numbers

Equity LP unit: Cusip No. 70214T119
Series 1 preferred LP unit: Cusip No. 70214T101
PVI warrants: Cusip No. 70214M 11 4

Up to 73,546,897 PVI warrants will be issued and outstanding. Each PVI warrant will entitle the holder thereof to purchase one exchangeable share issued by the company for every five warrants held by such holder for a period of 10 years at a price of 125 per cent of the volume-weighted average trading price of the common shares of Partners Value Investments on the TSX Venture Exchange calculated using the 30 trading days preceding the effective date, which is contemplated to be June 30, 2016, of the reorganization on which at least one trade of one board lot occurred on the TSX Venture Exchange and adjusted to take into account the issuance of the Series 1 preferred LP units. The exchangeable shares will be exchangeable for equity LP units of PVLP at the option of the holder. The warrants will expire on June 30, 2026.

© 2017 Canjex Publishing Ltd. All rights reserved.
 
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