New Commerce Split Announces Exercise of Warrants (YCM.WT)
March 01 2011 - 5:34PM
Marketwired
New Commerce Split Corp. (the "Company") (TSX: YCM)(TSX:
YCM.PR.A)(TSX: YCM.PR.B) announces a total of 937,290 Warrants were
exercised at $10 each for total proceeds of $9,372,900, bringing
the Company's net assets to approximately $46 million. The Warrants
expired on February 28, 2011. Each Warrant exercised entitled
holders to one unit of the Company. Each unit consists of one
Capital share (TSX symbol "YCM"), one Class I Preferred share (TSX
symbol "YCM.PR.A") and one Class II Preferred share (TSX symbol
"YCM.PR.B").
The proceeds from the Warrant exercises will be used by the
Company to invest in common shares of Canadian Imperial Bank of
Commerce, a Canadian financial institution.
Contacts: New Commerce Split Corp. Investor Relations
416-304-4443 or Toll free at 1-877-4-Quadra (1-877-478-2372)
www.CommerceSplit.com
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