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PINNACLE FILES FINAL PROSPECTUS FOR RIGHTS OFFERING
PINNACLE FILES FINAL PROSPECTUS FOR RIGHTS OFFERING
About this update from Barrick Mining Corporation
[{"type":"text","content":"\nPINNACLE FILES FINAL PROSPECTUS FOR RIGHTS OFFERING\n\n\n Mar. 24, 2010 (TheNewswire.ca) -- VANCOUVER: Pinnacle Mines Ltd. (TSXV:PNL'R) (TSXV:PNL) (\"Pinnacle\" or the \"Company\")(TSX: AVP) announced today the filing of its final short form prospectus dated March 23, 2010 in each of the provinces and territories of Canada in respect of the previously announced rights offering for gross proceeds of up to $4,578,807 (the \"Rights Offering\").Each holder of record of Pinnacle common shares (\"Common Shares\") as of the close of business on April 5, 2010 will receive one right (\"Right\") for each Common Share held. Every one Right will entitle the holder thereof to acquire one Common Share upon payment of $0.05 per Common Share (the \"Subscription Price\"). The Rights may be exercised commencing April 8, 2010 and the Rights will expire at 2:00 p.m. (Vancouver time) on April 30, 2010 (the \"Expiry Time\"). Holders of Rights who exercise their Rights in full will be entitled to purchase, at the Subscription Price, any Common Shares that are not otherwise subscribed for under the Rights Offering prior to the Expiry Time on a pro rata basis.To subscribe for Common Shares, a completed rights certificate, together with payment in full of the Subscription Price for each Common Share subscribed for, must be received by the subscription agent for the Rights Offering, Computershare Trust Company of Canada (the \"Subscription Agent\"), prior to the Expiry Time.The Rights Offering is being made to holders of Common Shares in all of the provinces and territories of Canada. Rights certificates and prospectuses will not be mailed to holders of Common Shares resident outside of Canada (\"Non-Qualifying Shareholders\"). Non-Qualifying Shareholders will be sent a letter advising them that their rights certificates will be issued to and held by the Subscription Agent, which will hold those Rights as agent for the benefit of all Non-Qualifying Shareholders.The Rights and Common Shares issuable upon the exercise of the Rights have not been and will not be registered under the U.S. Securities Act and may not be offered or sold in the United States of America or any of its territories or possessions or to U.S. Persons. Accordingly, subscriptions will not be accepted from any security holder or transferee who is a U.S. Person or resident in the United ...