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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 - Bearcat Explorations Ltd
Website -
Symbol - BEA.RT
Cusip Number - 073846 12 3 
Expiry Date - December 10 1993
News Releases

1993-11-11 18:15 ET - Rights Offering

The ASE has been advised that the company is issuing rights to shareholders of record at the close of business November 19 1993. Shareholders will receive one right for each share held. The rights offering circular has been cleared in Alberta, BC, Saskatchewan, Manitoba and Ontario only.

These rights will be posted for trading on November 15 1993.

Rt trading symbol: BEA.RT
Trading ex-rights: November 15 1993
Rt security code: ISM 834 190; WCCC 834 643
Cusip No: 073846 12 3
Exercise price: Seven rights and $0.60 to purchase one unit consisting of one share, one A warrant and one B warrant
Expiry date: December 10 1993
Cash trade date: December 3 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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