Business News • MarketWire • Canadian Life Companies Split Corp. Announces Warrant Offering |
Canadian Life Companies Split Corp. Announces Warrant Offering |
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Canadian Life Companies Split Corp. Announces Warrant Offering
TORONTO, ONTARIO--(Marketwire - Jan. 7, 2010) - Canadian Life Companies Split Corp. (the "Company") is pleased to announce that it has filed a final prospectus relating to an offering of warrants ("Warrants") to all Class A Shareholders. Each Class A Shareholder of record on January 15, 2010 will receive one Warrant for each Class A Share held. Each Warrant will entitle the holder to purchase a "Unit" (consists of one Class A Share and one Preferred Share) upon payment of the subscription price of $15.65 (which is the sum of the most recently calculated NAV per Unit prior to the date of the preliminary prospectus plus the estimated per Unit fees and expenses of the Offering). Warrants may be exercised at any time before the earlier of i) October 27, 2010 or ii) such date which is 20 business days from the date the Company exercises its right to call the Warrants.
View More : http://www.marketwire.com/mw/release.do?id=1098996&sourceType=3
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