| Home> News & Events > Toronto Stock Exchange > News Release |
News Release
Rocky Mountain Dealerships Inc. To Trade On Toronto Stock Exchange
Rocky Mountain Dealerships Inc. (the “Company”) – An application has been granted for the original listing in the Industrial category of up to 13,867,900 common shares (“Common Shares”), of which up to 11,585,000 will be issued and outstanding and up to 2,282,900 Common Shares will be reserved for issuance.
Listing of the Common Shares will become effective at 5:01 p.m. on Wednesday, December 19, 2007, in anticipation of the closing on December 20, 2007. The Common Shares will be posted for trading at the opening on Thursday, December 20, 2007.
Symbol: RME
CUSIP: 77467Q 10 6
Trading Currency: CDN
Temporary Market Maker: Research Capital Corp.
Other Markets: None.
Head Office Address:
828 – 46th Avenue Se
Calgary, Alberta, T2G 2A6
Head Office Telephone Number: (403) 243-8600
Fax Number: (403) 531-3564
Website: www.rockymtn.com
Investor Relations Contact:
Matt Campbell
Tel: (403) 243-8600
E-mail: mcampbell@hammereq.com
Incorporation: The Company was incorporated on September 17, 2007 under the Business Corporation Act (Alberta).
Fiscal Year End: December 31
Nature of Business: The Company is a multi-branch, full-service construction and agricultural equipment dealer.
Chief Financial Officer: Garrett A.W. Ganden
Corporate Secretary: Jan M. Campbell
Transfer Agent & Registrar: Olympia Trust Company at its office in Calgary and Olympia Transfer Services Inc. in Toronto.
Dividends: Following closing of the offering, the board of directors will declare, and the Company will pay, regular dividends on the Common Shares in an aggregate annual amount of $0.18 per share. Regular dividends are expected to be declared and paid quarterly with the first such dividend expected to be in the amount of $0.045 per share and declared and paid in respect of the financial quarter ending March 31, 2008.
Initial Public Offering: Pursuant to the terms of a prospectus dated December 11, 2007, RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., Scotia Capital Inc., Blackmont Capital Inc. and HSBC Securities (Canada) Inc., as underwriters, have agreed to sell 6,500,000 Common Shares at a price of $10.00 per Common Share.
