This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Wolseley Ventures Limited Files Early Warning Report

DOUGLAS, Isle of Man, March 25, 2013 /CNW/ - Wolseley Ventures Limited of 19, Peel Road, Douglas, Isle of Man, IM1 4LS  (the " Offeror") acquired, on March 22, 2013, an aggregate of 17,500,000 units (" Units") of Montana Exploration Corp. (" Montana "), each Unit being comprised of one common share (" Common Share") of Montana and one class A warrant of Montana (" Class A Warrant") at a price per Unit of $0.20 (the " Offering") pursuant to an investment agreement dated January 30, 2013 (the " Investment Agreement") for aggregate gross proceeds of $3,500,000.  Each Class A Warrant entitles the holder to purchase one Common Share at an exercise price equal to $0.25 per Common Share for a period of one year from the date of issuance.

Upon closing of the Offering, the Offeror also received an option (the " Option") to require Montana to purchase all of the shares of Shining Mountains, LLC (" AcquisitionCo"), an affiliate of the Offeror, for a purchase price equal to the net asset value of AcquisitionCo, to a maximum of $6,900,000, of which cash in such net asset value calculation may not exceed $4,050,000.  The purchase price of AcquisitionCo will be paid by Montana through the issuance of up to 18,157,894 Common Shares at a deemed price of $0.38 per Common Share.

Immediately following the closing of the Offering, the Offeror had beneficial ownership of, and control and direction over, directly or indirectly, approximately 23% of the issued and outstanding Common Shares on an undiluted basis and approximately 47% on a fully diluted basis, assuming the full exercise of the Offeror's Class A Warrants and the Option.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.99 0.00%
FB $99.54 0.00%
GOOG $678.11 0.00%
TSLA $148.25 0.00%
YHOO $26.82 0.00%


Chart of I:DJI
DOW 16,014.38 -12.67 -0.08%
S&P 500 1,852.21 -1.23 -0.07%
NASDAQ 4,268.7630 -14.99 -0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs