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   Name - Cavell Energy Corp

    Website -

    Symbol - KVL.RT

    Cusip Number - 149600 11 6

    Expiry Date - Aug. 20, 1999

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Cavell Energy rights offering

 

1999-07-13 08:29 MT - Rights Offering

TSE Bulletin 99-0873

Holders of common shares of record as of the close of business on July 16, 1999, will be granted the right to subscribe for, subject to election by the holder of rights (as described below), one flow-through unit or one common share unit of the company for each common share held on such record date at a subscription price of 22 cents per flow-through unit and 19 cents per common share unit. Each flow-through unit will comprise one flow-through common share and one-half of a warrant, one whole warrant entitling the holder to purchase one common share at a price of 30 cents per share until 4:30 p.m. (Toronto time) on Oct. 6, 2000 (the warrant). Each common share unit will comprise one common share and one-half of a warrant.

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, one right and the sum of 22 cents being required to subscribe for one flow-through unit, and one right and the sum of 19 cents being required to subscribe for one common share unit. The rights will expire at 4:30 p.m. (local time) on Aug. 20, 1999. The flow-through units and the common share units are each separable as of the time of their issue. The common shares will commence trading on an ex-distribution basis at the opening on Wednesday, July 14, 1999, at which time the rights will be posted for trading on a when issued basis.

The warrants will not be listed on the exchange.

 

Symbol:  KVL.RT

Cusip No:  149600 11 6