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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 - Biron Bay Resources
Website -
Symbol - BBQ.RT
Cusip Number - 091289 11 6
Expiry Date - August 25 1993
News Releases

1993-07-22 17:38 ET - Rights Offering

The company is issuing rights to shareholders of record at the close of business August 3 1993.

Cusip No: 091289 11 6
Exercise price: Ten rights and $0.80 to purchase one unit consisting of one share and one-quarter warrant.
Trading ex-rights: July 27 1993
Expiry date: August 25 1993
Cash trade date: August 18 1993

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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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