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Exchange Bulletin

Tervita Corporation (TEV) To Trade On Toronto Stock Exchange


July 20, 2018
Issuer: Newalta Corporation ("Newalta")
Old Symbol(s): NAL
Transaction: Backdoor listing by way of plan of arrangement (the "Arrangement") involving, among others, Tervita Corporation ("Old Tervita") and Newalta. Pursuant to the Arrangement, Old Tervita effectively amalgamated with Newalta to form New Tervita (defined below).
Consideration and exchange ratio: Pursuant to the Arrangement, Newalta Shareholders received 0.1467 of a New Tervita common share (the "Share") and 0.0307 of a New Tervita common share purchase warrant (the "Warrants") for each one Newalta share held and holders of Old Tervita Class A Voting Common Shares ("Class A Common") and Class A Voting Preferred Shares ("Class A Preferred") each received one Share for each Old Tervita Class A Common or Class A Preferred share held.
Resulting Issuer: Tervita Corporation ("New Tervita")
SecuritySymbolIssued and Outstanding SecuritiesReserved Securities
Common Shares TEV 117,557,112 14,458,360
Common Share Purchase Warrants TEV.WT 2,702,649 n/a
Listing category: Industrial, Non-exempt
Trading currency: CDN$
Effective date for trading purposes: July 24, 2018 (at the opening)
Other market(s): None
Market maker: TD Securities Inc.
Security ownership registration: Shares and Warrants: Certificated issue
Investor relations: Robert Dawson
(403) 231-1113
rdawson@tervita.com
 
Taylor Kortje
(403) 234-4880
tkortje@tervita.com
Incorporation: Business Corporations Act (Alberta)
Fiscal year end: December 31
Nature of business: New Tervita is one of the largest environmentally focused energy, environmental and waste management service providers in Canada, primarily serving the oil and gas industry.
Transfer agent and registrar: Odyssey Trust Company at its principal offices in Calgary and Vancouver for both the Shares and Warrants.
Dividends: The company does not anticipate paying dividends for the foreseeable future.
Sponsorship: Peters & Co. Ltd.
Disclosure document: Joint information circular and proxy statement dated March 23, 2018, which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the disclosure document.
Exchange procedure and payment of consideration: Return Letter of Transmittal together with Newalta share certificates to Odyssey Trust Company at its principal offices in Calgary and Vancouver. With commencement of trading under the new symbol TEV, the old symbol, NAL, will be delisted at the close of markets on July 23, 2018.

Principal Terms of the Warrants

Exercise price: $18.75 per Share
Expiry: 4:30 p.m. (Calgary time) on July 19, 2020
Additional Information: The Warrants are governed by a Warrant Indenture dated July 19, 2018 between New Tervita and Odyssey Trust Company.
TSX contact: Julie K. Shin,
Director, Listed Issuer Services,
Toronto Stock Exchange.