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Name - Aurania Resources Ltd
Address: 1010 - 8 King St E
Toronto Ont Canada M5C 1B5
Phone: 416 367 3200
Web Site: http://www.aurania.com
News Releases

Aurania Resources rights offering

2019-01-30 14:57 MT - Rights Offering
Summary

Basis of offering: One right will be issued for every one common share held. Fourteen rights will be exercisable for one common share at $2.70 per common share.
Record date: Feb. 4, 2019
Shares trade ex rights: Feb. 1, 2019
Rights called for trading: Feb. 1, 2019
Rights trade for cash: March 1, 2019 (Trading in the rights shall be for cash for the three trading days preceding the expiry date.)
Rights expire: March 6, 2019, 5 p.m. Toronto time
Trade dates: March 1, 2019, to settle March 4, 2019; March 4, 2019, to settle March 5, 2019; March 5, 2019, to settle March 6, 2019; March 6, 2019, to settle March 6, 2019
The rights will be halted at noon on March 6, 2019, and will be delisted at the close of business on the same day.
Rights trading symbol: ARU.RT
Rights Cusip No.: G06974177
Rights agent: TSX Trust Company -- Toronto

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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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