YCM.PR.B Commerce Split Corp

4.98

0.00 (0.00%)

27 May 2024 - Closed

Delayed by 15 minutes

Name	Symbol	Market	Type
Commerce Split Corp	TSX:YCM.PR.B	Toronto	Preference Share

	Price Change	% Change	Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Traded	Last Trade
	0.00	0.00%	4.98	4.96	5.00				0	12:30:04

New Commerce Split Announces Exercise of Warrants (YCM.WT)

01/03/2011 10:34pm

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Commerce Split (TSX:YCM.PR.B)
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New Commerce Split Corp. (the "Company") (TSX: YCM)(TSX: YCM.PR.A)(TSX: YCM.PR.B) announces a total of 937,290 Warrants were exercised at $10 each for total proceeds of $9,372,900, bringing the Company's net assets to approximately $46 million. The Warrants expired on February 28, 2011. Each Warrant exercised entitled holders to one unit of the Company. Each unit consists of one Capital share (TSX symbol "YCM"), one Class I Preferred share (TSX symbol "YCM.PR.A") and one Class II Preferred share (TSX symbol "YCM.PR.B").

The proceeds from the Warrant exercises will be used by the Company to invest in common shares of Canadian Imperial Bank of Commerce, a Canadian financial institution.

Contacts: New Commerce Split Corp. Investor Relations 416-304-4443 or Toll free at 1-877-4-Quadra (1-877-478-2372) www.CommerceSplit.com