Standard & Poor's Announces Changes in the S&P/TSX SmallCap Index
07.10.2011 | CNW
TORONTO, Oct. 7, 2011 /CNW/ - Standard & Poor's will make the following changes in the S&P/TSX SmallCap Index after the close of trading on Tuesday, October 11, 2011:Shareholders of Candente Copper Corp. approved on August 23, 2011, the Plan of Arrangement whereby the company will spin out certain copper and lead-zinc properties in Peru. For every 5 shares of Candente held, shareholders will receive 1 share of a new company named Cobriza Metals Corp. Cobriza will trade on TSX for the first time (the ex-date of the spin-off) on October 12, 2011, under the ticker symbol 'CZA' and the CUSIP number 19105V 10 5. The spun out shares of Cobriza will be added at zero price to the S&P/TSX SmallCap and Equity SmallCap Indices after the close of trading on Tuesday, October 11, 2011. There will be no divisor changes for either of these indices as a result of these additions.
Effective after the close of Wednesday, October 12, 2011, the shares of Cobriza will be removed from the same two indices and new divisors will be created.
Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.
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Standard & Poor's Canadian Index Operations
Tony North Dave Guarino
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