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Name - Alexander Energy Ltd
Website -
Symbol - ALX.RT
Cusip Number - 014618 13 6 
Expiry Date - March 14, 2014
News Releases

Alexander Energy rights offering

2014-01-16 18:34 ET - Rights Offering

Basis of offering: eight rights are exercisable for one share at 15 cents per share
Record date: Jan. 29, 2014
Shares trade ex rights: Jan. 27, 2014
Rights called for trading: Jan. 27, 2014
Rights trade for cash: March 11, 2014
Rights cease trading: March 14, 2014, at 12 p.m. Eastern Time
Rights expire: Friday, March 14, 2014, at 5 p.m. Eastern Time
Trade dates:
March 11, 2014 -- to settle -- March 12, 2014;
March 12, 2014 -- to settle -- March 13, 2014;
March 13, 2014 -- to settle -- March 14, 2014;
March 14, 2014 -- to settle -- March 14, 2014.
Rights trading symbol: ALX.RT
Rights Cusip No.: 014618136
Authorized jurisdiction(s): Alberta

For further details, please refer to the company's rights offering circular dated Jan. 15, 2014.

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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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