Stock market news: NAC(Nickel Asia Corp.) IPO

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Got this message from my COL account regarding the anticipated IPO of Nickel Asia Corp.

NICKEL ASIA CORPORATION IPO

Offer Price: P15.00 / share

Minimum Subscription: 1000 shares and thereafter, in multiples of 100 shares

Offer Period: November 8 to November 11, 2010 12:00 Noon

COL End of Offer and Payment: November 11, 2010 12:00 Noon

Tentative Listing Date: November 22, 2010 

Payment Terms: 100% due upon subscription not later than November 11, 2010 12:00 Noon

INITIAL PUBLIC OFFERING FOR NICKEL ASIA CORPORATION

Please be informed that the Board of Directors of The Philippine Stock Exchange, Inc. approved on October 20, 2010, the application of NICKEL ASIA CORPORATION (NIKL or the Company) for the initial listing of up to 1,339,831,828 common shares, with a par value of P0.50 per share, under the First Board of the Exchange consisting of the following:

a.989,656,828 common shares, representing the total 

number of issued and outstanding shares of the 

Company prior to the Initial Public Offering (IPO) of the 

Companys shares;


b.Up to 304,500,000 common shares, representing the 

total number of shares, inclusive of 132,991,828 

common shares held in treasury, to be offered to the 

public on a primary basis; and 


c.Up to 45,675,000 common shares, representing the 

Over-Allotment Option in connection with the

companys IPO.

THE OFFER

Offer Price              : Php15.00 per share
 
Minimum                : 1000 shares, and thereafter in 

                                  multiples of 100 shares
 
COL Offer Period    : November 8 to November 11, 2010

                                 12:00 Noon
 
COL End of Offer and Payment   : November 11, 2010

                                                       12:00 Noon
 
Tentative Listing Date   : November 22, 2010
 
Payment Terms             : Full payment on or before 

                                       November 11, 2010

Important:

For interested subscribers, please subscribe online on 

November 8, 2010 by clicking on the Nickel Asia 

Corporation Initial Public Offering (IPO) banner located

at the top and bottom of this page. Deadline for 

subscription requests and payment is on November 11,

2010 12:00 Noon.

NOTE: COL shall not process subscription requests for 

accounts that fail to provide adequate funding given 

the deadline of the payment on November 11, 2010.

Please be guided accordingly.

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