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PINNACLE ANNOUNCES FILING OF PRELIMINARY PROSPECTUS FOR RIGHTS OFFERING TO SHAREHOLDERS
PINNACLE ANNOUNCES FILING OF PRELIMINARY PROSPECTUS FOR RIGHTS OFFERING TO SHAREHOLDERS
About this update from Jayden Resources Inc
[{"type":"text","content":"\nPINNACLE ANNOUNCES FILING OF PRELIMINARY PROSPECTUS FOR RIGHTS OFFERING TO SHAREHOLDERS\n\n\n Feb. 8, 2010 (TheNewswire.ca) -- This release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or for dissemination in the United StatesVancouver, British Columbia - February 8, 2010 - Pinnacle Mines Ltd. (TSXV: PNL)(\"Pinnacle\" or the \"Company\") announces that it has filed a preliminary short form prospectus with the securities commissions in each of the provinces and territories of Canada in respect of a rights offering to raise gross proceeds of $4,578,807 (the \"Rights Offering\").Each holder of record of Pinnacle common shares (\"Common Shares\"), as of a record date to be announced, will receive one right (a \"Right\") for each Common Share held. Each Right will entitle the holder thereof to acquire one Common Share at a subscription price of $0.05 per Common Share (the \"Subscription Price\"). The Rights Offering will include an additional subscription privilege under which holders of Rights who fully exercise their Rights will be entitled to subscribe for additional Common Shares, if available, that were not otherwise subscribed for in the Rights Offering. The Rights will be exercisable for 21 days. The record date and expiry date for the Rights Offering will be determined at the time of filing of the final short form prospectus.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 date.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 Subscription Agent will attempt, on a commercially reasonable basis, to sell the Rights of Non-Qualifying Shareholders (other ...