Exchange Bulletin
Anaergia Inc. (ANRG) To Trade On Toronto Stock Exchange
June 16, 2021
| Issuer: | Anaergia Inc. (the "Company") |
| Security: | Subordinate voting shares ("Subordinate Voting Shares") |
| Symbol: | ANRG |
| Transaction: | An application has been conditionally approved by Toronto Stock Exchange ("TSX") for the listing of Subordinate Voting Shares of the Company, subject to completion of a proposed initial public offering (the "Offering") of these securities as described in the Company's Preliminary Base PREP Prospectus dated June 7, 2021 (the "Prospectus"). It is anticipated that, in the next few days, the Company will file a final base PREP prospectus and a supplemented PREP prospectus for its offering of Subordinate Voting Shares. As soon as possible after the final base PREP prospectus is cleared by the relevant securities regulatory authorities and a supplemented PREP prospectus is filed, TSX will post the Subordinate Voting Shares for trading on an "if, as and when issued" basis under the trading information set out below. Before the Subordinate Voting Shares are posted for trading on such basis, TSX will issue a trader note confirming both the pricing and the expected closing date for the Offering. If and when the Offering closes, the Subordinate Voting Shares will be listed on TSX. |
| Trading currency: | CDN $ |
| Temporary market maker: | TD Securities Inc. |
| Other markets: | None. |
| Settlement: | Subject to the closing of the Offering: (i) all trades in "ANRG" on and before the third trading day preceding the closing date will be for special settlement on the closing date and will appear on the Settlement Report from CDS Clearing and Depository Services Inc. ("CDS"); and (ii) all trades in "ANRG" for each of the two trading days preceding the closing date will be for special settlement two business days after the trade date and will appear on the Settlement Report from CDS. If the Offering does not close, all of the "if, as and when issued" trades will be cancelled. No securities will be delivered and no money will be owed by purchasers to sellers. Parties who are entitled to receive Subordinate Voting Shares under the Offering may sell such securities in the "if, as and when issued" market without being subject to restrictions on short sales. Parties who are not entitled to receive Subordinate Voting Shares under the Offering must comply with the short sale rule in all respects for any sales they make in the "ANRG" "if, as and when issued" market. If and when the Offering closes, there will be no further trading in "ANRG" on an "if, as and when issued" basis and the Subordinate Voting Shares issued at such closing will trade on a regular settlement basis. |
| Listing category: | Industrial, Non-Exempt Issuer |
| Security ownership registration: | Non-certificated inventory system administered by CDS. |
| Investor relations: | Hani El-Kaissi Chief Financial Officer (905) 407-0647 Email: hani.kaissi@anaergia.com |
| Incorporation: | Business Corporations Act (British Columbia) |
| Fiscal year end: | December 31 |
| Nature of business: | The Company's proprietary technologies allow for the conversion of organic waste from landfills into renewable natural gas, clean water, and fertilizer. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Dividends: | The Company does not anticipate paying any dividends for the foreseeable future. |
| Sponsorship: | Waived. |
| Offering document: | The Company's Preliminary Base PREP Prospectus dated June 7, 2021 (the "Prospectus") which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Initial public offering: | The Offering of Subordinate Voting Shares will be comprised of a treasury offering by the Company of between 10,000,000 and 11,765,000 Subordinate Voting Shares, at an Offering price between $17.00 and $20.00 per Subordinate Voting Share (the "Offering Price") for gross proceeds of approximately $200 million to the Company (assuming the over-allotment option is not exercised). The Subordinate Voting Shares are being offered by TD Securities Inc., Barclays Capital Canada Inc., CIBC World Markets Inc., Scotia Capital Inc., National Bank Financial Inc., Raymond James Ltd., Roth Canada, ULC and Canaccord Genuity Corp. (collectively, the "Underwriters"). The Company has granted the Underwriters an over-allotment option to purchase up to an additional 15% of the aggregate number of Subordinate Voting Shares issued under the Offering from the Company at the Offering Price. |
| TSX contact: | Chris Birkett, Managing Director, Toronto Stock Exchange |