Central Timmins lists on the TSX-V
CENTRAL TIMMINS Exploration Corp.’s initial public offering prospectus dated Oct. 4, 2018, has been filed with and accepted by the TSX Venture Exchange, and filed with and receipted on Oct. 5, 2018, by the securities regulatory authorities in Ontario, British Columbia and Alberta, pursuant to the provisions of the applicable securities acts. The common shares of the company will be listed and admitted to trading on the TSX-V on the effective date stated below.
The company is classified as gold and silver ore mining company.
- Offering: 15 million shares
- Price: 10 cents
- Agent: PI Financial Corp.
- Agent’s fee: cash commission equal to 7 per cent of the gross proceeds of the offering
- Agent’s warrants: non-transferable warrants to purchase a number of common shares equal to 7 per cent of the number of shares sold pursuant to the offering at an exercise price of 10 cents per share until Oct. 16, 2020, and 500,000 warrants on the same terms as a corporate finance fee - Greenshoe option: The agent may overallot the shares in connection with the Offering and the company has granted to the agent an option to purchase additional shares, up to 15 per cent of the offering, at 10 cents per share, up to the close of business
Nov. 15, 2018. - Listing date: at the close of business (5:01 p.m. Eastern Time) on Monday, Oct. 15, 2018. -Commence date: The common shares will commence trading on the TSX Venture Exchange at the opening on Tuesday, Oct. 16, 2018, upon confirmation of closing.
The closing of the IPO is scheduled to occur before the market opening on Tuesday, Oct. 16, 2018. It is expected that the gross proceeds of the closing will be $1.5-million for a total of 15 million common shares at 10 cents per share. A further notice will be issued upon receipt of closing confirmation. - Corporate jurisdiction: Canada - Capitalization: unlimited common shares with no par value of which 44.1 million common shares will be issued and outstanding after the closing of the offering - Escrowed shares: 18.85 million
-Transfer agent: TSX Trust Company - Symbol: CTEC - Cusip No.: 155528102 For further information, please refer to the company’s prospectus dated Oct. 4, 2018.
Neville Dastoor, Charles M Gryba, Julian B Kemp, Wes Roberts
(CTEC) Shares: 44,100,000