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THE INVESTOR'S GUIDE TO WARRANTS:

Capitalize on the Fastest Growing Sector of the Stock Market, Second Edition (Hardcover)
 by Andrew McHattie   Rating: ISBN-10: 027303751X

 

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Name - Ashton Mining of Canada Inc
Website -
Symbol - ACA.RT
Cusip Number - 044908 13 5
Expiry Date - June 9, 2000
News Releases

Ashton Mining rights offering

2000-05-16 13:12 ET - Rights Offering

TSE Bulletin 2000-0620

Holders of common shares (symbol: ACA) of record as of the close of business on May 19, 2000, will be granted one right for each common share held.

Offering: Four rights and the sum of 85 cents being required to subscribe for one flow-through share and four rights and the sum of 80 cents being required to subscribe for one non-flow-through share
Symbol: ACA.RT
Shares trade x-rt: May 17, 2000
Cusip: 044908 13 5
Rt expiry: June 9, 2000

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Explanation

Rights

Rights give existing shareholders a chance to proportionately buy shares in the new issue the company is putting out to raise more funds. The certificate showing this privilege is called a right.  It  gives the stockholders the first opportunity,  to buy the new securities.

Rights issue

An offer made by a  company to its shareholders to enable them to buy new shares in the company at a discount to the market price.

 

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