Spur Ventures to list on TSX Aug. 22TSX bulletin 2006-1052
An application has been granted for the original listing in the mining category of 76,911,950 common shares of the company, of which 58,740,520 common shares are issued and outstanding, and 18,171,430 common shares are reserved for issuance.
An application has also been granted for the listing of 8,571,430 common share purchase warrants, all of which are issued and outstanding.
Each warrant entitles the holder to purchase one common share at a price of $2 per share at any time prior to 5 p.m. (Toronto time) on July 28, 2007.
The common shares and the warrants of the company will be listed and posted for trading at the open on Tuesday, Aug. 22, 2006. The company is subject to the reporting requirements of Section 501 of the Toronto Stock Exchange company manual.
Common share symbol: SVU
Common share Cusip No.: 85216L 10 4
Common share trading currency: Canadian dollars
Warrant symbol: SVU.WT
Warrant Cusip No.: 85216L 12 0
Warrant trading currency: Canadian dollars
Temporary market-maker: Desjardins Securities Inc.
Other markets: The common shares of the company have been listed for trading on TSX Venture Exchange since December, 1988. The warrants of the company have been listed for trading on TSX-V since November, 2005. The common shares of the company have been quoted on the OTC Bulletin Board since July, 1999. The common shares and warrants will be delisted from TSX-V on Aug. 22, 2006, upon commencement of trading on the TSX.
Incorporation: The company was incorporated under the laws of British Columbia on July 24, 1986, as Braymart Development Corp. On July 31, 1987, the company changed its name to Spur Industries Corp. On Sept. 22, 1987, the company changed its name to its current form.
Fiscal year-end: Dec. 31
Nature of business: The company is developing an integrated fertilizer business in China. The company owns a 78.72-per-cent interest in a joint venture company, Yichang Maple Leaf Chemicals Ltd., the purpose of which is to develop the Yichang integrated phosphate mining and fertilizer project in Hubei province, China. The company also owns a 72.18-per-cent interest in another fertilizer plant in Yichang.
Transfer agent and registrar: Computershare Investor Services Inc. at its principal office in Vancouver and Toronto
Dividends: The company has not paid any dividends or made any distributions for the past five years. The company does not anticipate paying dividends in the foreseeable future.
I think this will give SVU more credibility with the fund companies.