Home >> Rights >> Expired RIghts

   Name - Campbell Resources Inc

    Website -

    Symbol - CCH.RT

    Cusip Number - 134422 17 9

    Expiry Date - Nov. 24, 2006

    News Releases

 

Campbell Resources rights offering

 

2006-10-24 18:02 MT - Rights Offering

TSX bulletin 2006-1354

 

Rights symbol:  CCH.RT

Rights Cusip No.:  134422 17 9

Shareholder entitlement:  One right for each common share held on the record date

Terms of the rights:  10 rights to purchase three units at eight cents per unit

Expiry time:  4 p.m. (Montreal time) on Nov. 24, 2006

Ex rights date:  Oct. 26, 2006

Record date:  Oct. 30, 2006

Designated market-maker:  National Bank Financial Inc.

 

Additional information on the rights offering may be found in the final short form prospectus dated Sept. 26, 2006, and the amendment No. 1 dated Oct. 18, 2006, to the short form prospectus dated Sept. 26, 2006, which are available at www.sedar.com. Capitalized terms not otherwise defined are as defined in the prospectus.

Holders of common shares of Campbell Resources Inc. of record as of the close on Oct. 30, 2006, are entitled to one right for every common share of the company held on such record date. Ten rights entitle the holder to purchase three units at a price of eight cents per unit. Each unit comprises one common share and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one common share at a price of 15 cents until May 26, 2008. The warrants will not be listed on Toronto Stock Exchange or any other exchange. The rights are evidenced by transferable rights certificates registered in the names of holders of common shares of record on the record date on the basis of one right for each common share held. The rights will expire at 4 p.m. (Montreal time) on Nov. 24, 2006.

The common shares of the company will commence trading on an ex rights basis at the open on Thursday, Oct. 26, 2006, at which time the rights will be posted for trading on a when-issued basis. The rights and the units issuable upon exercise of the rights are offered to those holders residing in all Canadian provinces and territories and to those holders who are residents of the United States, or any country other than Canada, who establish to the satisfaction of the company that the receipt by such shareholder of rights and the issuance to such shareholder of the units issuable upon the exercise of the rights will not be in violation of the laws of the jurisdiction of residence of the said shareholder. Each eligible shareholder is entitled to receive a certificate representing such rights. The company will notify the ineligible shareholders that the rights certificates to which they may be entitled will be issued to and held by Computershare Investor Services Inc. which will hold the rights certificates and the rights evidenced thereby as agent for the benefit of all ineligible shareholders. The subscription agent will hold the rights until 4 p.m. (Montreal time) on Nov. 14, 2006, in order to give ineligible holders an opportunity to claim the rights certificate by satisfying the company that the issue of the units pursuant to the exercise of rights will not be in violation of the laws of the jurisdiction of residence. Following such date, the subscription agent, for the account of ineligible shareholders, will, prior to the expiry time, attempt to sell the rights allocable to such ineligible shareholders and evidenced by rights certificates in the possession of the subscription agent, at such prices and otherwise in such manner as the subscription agent may determine in its sole discretion. The net proceeds received by the subscription agent from the sale of such rights will be divided among the ineligible shareholders in proportion to the number of common shares held by them respectively on the record date. The subscription agent will mail cheques therefore at the addresses of the ineligible shareholders appearing in the records of the company. Amounts of less than $2 will not be mailed.

Holders of rights may subscribe for units by completing and signing Form 1 on the front of the rights certificate and delivering the rights certificate and the total subscription price for the units subscribed for, including the additional units subscribed for under the additional subscription privilege (as defined below) to the subscription agent at its principal offices in Montreal or Toronto so as to be received there prior to the expiry time.

Fractional units will not be issued, therefore only whole units may be subscribed for. Where the exercise of rights would appear to entitle a holder of rights to fractional units, the holder's entitlement will be reduced to the next whole number of units.

Holders of rights certificates who exercise their right to subscribe for all the units that can be subscribed for with the number of rights evidenced by such rights certificates have the privilege of subscribing for additional units, if available, at the subscription price. The units available for such purpose will be those units that have not been subscribed and paid for by the holders to which rights were originally issued.

To exercise this privilege, any holder of a rights certificate who completes Form 1 for the maximum number of units that can be subscribed for pursuant to the initial subscription privilege must also complete Form 2 on the front of the rights certificate and specify the number of additional units desired to be subscribed for. Payment in full of the total subscription price for any additional units must accompany the rights certificate when it is delivered to the subscription agent. If there are sufficient additional units to satisfy all additional subscriptions under the additional subscription privilege, each holder who subscribed for additional units will be allotted the number of additional units they subscribed for.

If the total number of units subscribed for under the additional subscription privilege exceeds the number of additional units available, the number of additional units to be allotted to each holder who subscribed for additional units will be equal to the lesser of:

 

1. the number of units which that holder subscribed for under the additional subscription privilege; and

2. the product (disregarding fractions) obtained by multiplying the total number of additional units available by a fraction of which the numerator is the number of rights exercised by that holder under the initial subscription privilege and the denominator is the total number of rights exercised under the initial subscription privilege by all holders in the additional subscription privilege.

 

If any holder has subscribed for fewer additional units than the number of additional units to which he, she or it would have been entitled to subscribe for as determined in accordance with paragraph (2) above, the excess additional units will be allotted in a similar manner among the holders who were allotted fewer additional units than they subscribed for.

It is anticipated that the rights offering prospectus and rights certificates will be mailed to shareholders on or about Nov. 2, 2006. The company has not retained the services of any securities dealer or broker to solicit subscriptions for units and will not pay any fee or commission for soliciting such subscriptions.

Mandatory trading and settlement rules of rights

 

Trade dates                             Settlement dates

Nov. 21, 2006                             Nov. 23, 2006
Nov. 22, 2006, and Nov. 23, 2006          Cash next day
Nov. 24, 2006                             Cash same day

 

 

1. All trades on Nov. 21, 2006, will be for special settlement on Nov. 23, 2006. These trades will appear on the CDS (Canadian Depository for Securities) settlement report and will be recorded with a settlement date of Nov. 23, 2006.

2. All trades on Nov. 22, 2006, and Nov. 23, 2006, will trade for cash settlement the following business day. Trades on Nov. 24, 2006, from the open to noon, will be for same day cash settlement.

3. Selling participating organizations must have the rights that are being sold in their possession or owed to them through clearing prior to such sale.

4. Should fail positions exist on the expiry time, purchasing participating organizations have the option of paying for the rights purchased and demanding delivery of the securities into which the rights are exercisable. Reference should be made to Rule 5-303. Such demand shall be made before 4 p.m. on the expiry time on Nov. 24, 2006.

 

Participating organizations should ensure that their trading and operations staff are made aware of the rules and procedures described above.

 

Campbell Resources rights offering

 

2006-10-03 17:35 MT - Rights Offering

TSX bulletin 2006-1262

 

Rights symbol:  CCH.RT

Rights Cusip No.:  134422 17 9

Shareholder entitlement:  One right for each common share held on the record date

Terms of the rights:  Five rights to purchase three units at eight cents per unit

Expiry time:  4 p.m. (Montreal time) on Nov. 6, 2006

Ex rights date:  Oct. 5, 2006

Record date:  Oct. 10, 2006

Designated market-maker:  National Bank Financial Inc.

 

Additional information on the rights offering may be found in the final short form prospectus dated Sept. 26, 2006, which is available at www.sedar.com. Capitalized terms not otherwise defined are as defined in the prospectus. Holders of common shares of Campbell Resources Inc. of record as of the close on Oct. 10, 2006, are entitled to one right for every common share of the company held on such record date. Five rights entitle the holder to purchase three units at a price of eight cents per unit. Each unit comprises one common share and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one common share at a price of 15 cents until May 26, 2008. The warrants will not be listed on Toronto Stock Exchange or any other exchange. The rights are evidenced by transferable rights certificates registered in the names of holders of common shares of record on the record date on the basis of one right for each common share held. The rights will expire at 4 p.m. (Montreal time) on Nov. 6, 2006.

The common shares of the company will commence trading on an ex rights basis at the open on Thursday, Oct. 5, 2006, at which time the rights will be posted for trading on a when-issued basis. The rights and the units issuable upon exercise of the rights are offered to those holders residing in all Canadian provinces and territories and to those holders who are residents of the United States or any country other than Canada, who establish to the satisfaction of the company that the receipt by such shareholder of rights and the issuance to such shareholder of the units issuable upon the exercise of the rights will not be in violation of the laws of the jurisdiction of residence of the said shareholder. Each eligible shareholder is entitled to receive a certificate representing such rights. The company will notify the ineligible shareholders that the rights certificates to which they may be entitled will be issued to and held by Computershare Investor Services Inc. which will hold the rights certificates and the rights evidenced thereby as agent for the benefit of all ineligible shareholders. The subscription agent will hold the rights until 4 p.m. (Montreal time) on Oct. 23, 2006, in order to give ineligible holders an opportunity to claim the rights certificate by satisfying the company that the issue of the units pursuant to the exercise of rights will not be in violation of the laws of the jurisdiction of residence. Following such date, the subscription agent, for the account of ineligible shareholders, will, prior to the expiry date, attempt to sell the rights allocable to such ineligible shareholders and evidenced by rights certificates in the possession of the subscription agent, at such prices and otherwise in such manner as the subscription agent may determine in its sole discretion. The net proceeds received by the subscription agent from the sale of such rights will be divided among the ineligible shareholders in proportion to the number of common shares held by them respectively on the record date. The subscription agent will mail cheques therefore at the addresses of the ineligible shareholders appearing in the records of the company. Amounts of less than $2 will not be mailed.

Holders of rights may subscribe for units by completing and signing Form 1 on the front of the rights certificate and delivering the rights certificate and the total subscription price for the units subscribed for, including the additional units subscribed for under the additional subscription privilege (as defined below) to the subscription agent at its principal offices in Montreal or Toronto so as to be received there prior to the expiry date.

Fractional units will not be issued, therefore only whole units may be subscribed for. Where the exercise of rights would appear to entitle a holder of rights to fractional units, the holder s entitlement will be reduced to the next whole number of units.

Holders of rights certificates who exercise their right to subscribe for all the units that can be subscribed for with the number of rights evidenced by such rights certificates have the privilege of subscribing for additional units, if available, at the subscription price. The units available for such purpose will be those units that have not been subscribed and paid for by the holders to which rights were originally issued.

To exercise this privilege, any holder of a rights certificate who completes Form 1 for the maximum number of units that can be subscribed for pursuant to the initial subscription privilege must also complete Form 2 on the front of the rights certificate and specify the number of additional units desired to be subscribed for. Payment in full of the total subscription price for any additional units must accompany the rights certificate when it is delivered to the subscription agent. If there are sufficient additional units to satisfy all additional subscriptions under the additional subscription privilege, each holder who subscribed for additional units will be allotted the number of additional units they subscribed for.

If the total number of units subscribed for under the additional subscription privilege exceeds the number of additional units available, the number of additional units to be allotted to each holder who subscribed for additional units will be equal to the lesser of:

 

1. the number of units which that holder subscribed for under the additional subscription privilege; and the product (disregarding fractions) obtained by multiplying the total number of additional units available by a fraction of which the numerator is the number of rights exercised by that holder under the initial subscription privilege and the denominator is the total number of rights exercised under the initial subscription privilege by all holders in the additional subscription privilege.

 

If any holder has subscribed for fewer additional units than the number of additional units to which he, she or it would have been entitled to subscribe for as determined in accordance with paragraph (b) above, the excess additional units will be allotted in a similar manner among the holders who were allotted fewer additional units than they subscribed for.

It is anticipated that the rights offering prospectus and rights certificates will be mailed to shareholders on or about Oct. 12, 2006.

The company has not retained the services of any securities dealer or broker to solicit subscriptions for units and will not pay any fee or commission for soliciting such subscriptions.

Mandatory trading and settlement rules of rights

 

Trade dates                      Settlement dates

Nov. 1, 2006                        Nov. 3, 2006
Nov. 2, 2006, and Nov. 3, 2006     Cash next day
Nov. 6, 2006                       Cash same day

 

 

1. All trades on Nov. 1, 2006, will be for special settlement on Nov. 3, 2006. These trades will appear on the CDS (Canadian Depository for Securities) settlement report and will be recorded with a settlement date of Nov. 3, 2006.

2. All trades on Nov. 2, 2006, and Nov. 3, 2006, will trade for cash settlement the following business day. Trades on Nov. 6, 2006, from the open to noon, will be for same-day cash settlement.

3. Selling participating organizations must have the rights that are being sold in their possession or owed to them through clearing prior to such sale.

4. Should fail positions exist on the expiry time, purchasing participating organizations have the option of paying for the rights purchased and demanding delivery of the securities into which the rights are exercisable. Reference should be made to rule 5-303. Such demand shall be made before 4 p.m. on the expiry time on Nov. 6, 2006.

 

Participating organizations should ensure that their trading and operations staff are made aware of the rules and procedures described above.