Key points
- Yorkton Securities will underwrite the offering in Canada, HSBC Simpson McKie (Pty) will underwrite a private placement in Namibia, and Nomura International plc will act as lead underwriter for the US and international offering.
- NAMCO will file a final prospectus with the Ontario Securities Commission and the British Columbia Securities Commission.
- NAMCO will also file an amendment to its registration statement with the US Securities and Exchange Commission under the multijurisdictional disclosure system.
- The common shares are expected to be issued at closing on June 25, 1997.
Namibian Minerals has signed an underwriting agreement
providing for the purchase by the underwriters referred to below from NAMCO of
3,930,000 shares of NAMCO, which will be sold by the underwriters by way of
public offering at $5.29 for $20,789,700. NAMCO will file today a final prospectus relating to the offer of common
shares with the Ontario Securities Commission and the British Columbia
Securities Commission. NAMCO will also file an amendment to its registration
statement filed with the United States Securities and Exchange Commission
under the multijurisdictional disclosure system relating to the offering.
Yorkton Securities will act as underwriters for the offering in
Canada, HSBC Simpson McKie (Pty) will act as underwriter for a private
placement in Namibia and Nomura International plc will act as lead underwriter
for the US and international offering.
The common shares are expected to be issued at a closing on June 25 1997.
Copies of a prospectus covering the offering of the common shares may be
obtained in Canada from Yorkton Securities in Vancouver, BC and in the US from Nomura Securities International, New York, NY.
