RAZOR ENERGY CORP. ("RZE") ("RZE.RT")
BULLETIN TYPE: Rights Offering-Units
BULLETIN DATE: May 11, 2023
TSX Venture Tier 1 Company
The Company has announced it will offer to Shareholders of record on May 16, 2023, Rights to purchase units of the Company (each a "Unit"). One (1) Right will be issued for each Share held. One (1) Right and $0.80 are required to purchase 0.494555 Unit, where each one (1) Unit consists of one common share and one transferable share purchase warrant. The expiry date for the Rights Offering is June 7, 2023. Each share purchase warrant and $1.20 entitles the buyer to purchase one common share of the Company up to a 5-year period from the date of issuance. As at May 8, 2023, the Company had 25,275,250 shares issued and outstanding.
Effective at the opening, Monday, May 15, 2023, the shares of the Company will trade Ex-Rights and the Rights will commence trading at that time on a 'when-issued basis'. The Company is classified as a ''Oil and Gas Production and Exploration" company.
Summary:
Basis of Offering: 2.022 Rights exercisable for One (1) Unit at $0.80 per Unit.
Record Date: May 16, 2023
Shares Trade Ex-Rights: May 15, 2023
Rights Called for Trading: May 15, 2023
Rights Trade for Cash: June 5, 2023
Halt and Delist: The rights will be halted at 10:00 am (Calgary time) on June 7, 2023 and delisted at market close. Trading in the Rights shall be for cash for the two trading days preceding the expiry date.
Rights Expire: June 7, 2023 at 4:00 pm (Calgary time).
TRADE DATES
June 5, 2023 - TO SETTLE - June 6, 2023
June 6, 2023 - TO SETTLE - June 7, 2023
June 7, 2023 - TO SETTLE - June 7, 2023
Rights Trading Symbol: RZE.RT
Rights CUSIP Number: 75525M 14 1
Subscription Agent and Trustee: Alliance Trust Company
Authorized Jurisdiction(s): All provinces and territories in Canada and Eligible Jurisdictions in the United States (as defined in the Rights Offering Circular).
For further details, please refer to the Company's Rights Offering Circular and news release dated May 8, 2023.
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