Explor Resources Inc. Sets Key Dates Regarding Rights Offering
December 20 2013 - 10:48AM
Marketwired
Explor Resources Inc. Sets Key Dates Regarding Rights Offering
ROUYN-NORANDA, CANADA--(Marketwired - Dec 20, 2013) - Explor
Resources Inc. ("Explor" or the "Corporation")
(TSX-VENTURE:EXS)(OTCQX:EXSFD)(FRANKFURT:E1H1)(BERLIN:E1H1) is
pleased to provide an update regarding its rights offering (the
"Offering") detailed in the December 6, 2013 news release.The
Corporation has filed, with securities regulatory authorities, its
final short-form prospectus with respect to its Offering. The
prospectus is available on the Corporation's SEDAR profile at
www.sedar.com.
The Corporation can
now set the key dates for the Offering:
Event |
|
Anticipated Date |
|
|
|
|
1) |
Last
day on which Common Shares trade on TSX Venture Exchange ("TSX-V")
with Rights |
|
January 2, 2013 |
2) |
Common Shares trade on TSX-V "Ex-Rights" |
|
January 3, 2014 |
3) |
Rights commence trading on TSX-V on a "when-issued basis" |
|
January 3, 2014 |
4) |
Record Date for issuance of Rights to shareholders |
|
January 7, 2014 |
5) |
Final
Short-Form Prospectus mailed to shareholders |
|
January 10, 2014 |
6) |
Commencement Date (first date of which Rights may be
exercised) |
|
January 10, 2014 |
7) |
Rights cease trading on TSX-V |
|
February 7, 2014, noon (Montreal Time) |
8) |
Rights Expire |
|
February 7, 2014, 5:00 p.m. (Montreal Time) February 14, 2014 |
9) |
Issuance of Common Shares upon exercise of Rights |
|
February 14, 2014 |
Event 1: January 2,
2014 is the last date on which Explor shares will trade on the
TSX-V with the entitlement to receive two Rights for each share of
Explor held. For every one Right, the shareholder is entitled to
purchase one Common Share.
Event 2: Corporation
shares traded starting on January 3, 2014 will be excluded from the
Rights Offering ("Ex-Rights").
Event 3: The Rights
will begin trading on the TSX-V under the symbol EXS.RT on January
7, 2014.
Event 4: The
shareholders of record on the Record Date, January 7, 2014, will be
issued two Rights per Common Share held.
Event 5: January 10,
2014, the Short Form Prospectus will be mailed to shareholders of
record and a copy will also be available for viewing on the
Corporation website after this date.
Event 6: January 10,
2014 is the first day the Rights may be exercised. The Rights will
be available for exercise until February 7, 2014.
Event 7 & 8:
Rights cease trading on TSX-V at noon (Montreal Time) February 7,
2014 and the Rights expire at 5:00pm (Montreal Time) that day.
Event 9: February
14, 2014 Common Shares are issued for Rights exercised.
Explor Resources
Inc. is a publicly listed company trading on the TSX Venture (EXS),
on the OTCQX (EXSFD) and on the Frankfurt and Berlin Stock
Exchanges (E1H1).
This Press
Release was prepared by Explor. Neither the TSX Venture Exchange
nor its Regulation Services Provider (as that term is defined in
the Policies of the TSX Venture Exchange) has reviewed or accepts
responsibility for the adequacy or accuracy of this
release.
About Explor
Resources Inc.
Explor Resources
Inc. is a Canadian-based natural resources company with mineral
holdings in Ontario, Québec, Saskatchewan and New Brunswick. Explor
is currently focused on exploration in the Abitibi Greenstone Belt.
The belt is found in both provinces of Ontario and Québec with
approximately 33% in Ontario and 67% in Québec. The Belt has
produced in excess of 180,000,000 ounces of gold and 450,000,000
tonnes of cu-zn ore over the last 100 years.
This document
may contain forward-looking statements relating to Explor's
operations or to the environment in which it operates. Such
statements are based on operations, estimates, forecasts and
projections. They are not guarantees of future performance and
involve risks and uncertainties that are difficult to predict and
may be beyond Explor's control. A number of important factors could
cause actual outcomes and results to differ materially from those
expressed in forward-looking statements, including those set forth
in other public filling. In addition, such statements relate to the
date on which they are made. Consequently, undue reliance should
not be placed on such forward-looking statements. Explor disclaims
any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, save and except as may be required by applicable
securities laws.
Christian Dupont, President888-997-4630 or
819-797-4630819-797-6050www.explorresources.comInvestor
Relations:Gary Lindsey, North America:1-720-273-6224Michael Adams,
Europe :info@star-ir.com