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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 - Bioniche Inc
Website -
Symbol - BNC.RT
Cusip Number - 09063R 12 1 
Expiry Date - Aug. 11, 1998
News Releases

1998-07-15 06:20 ET - Rights Offering

TSE Bulletin 98-1133

Holders of common shares of record as of the close of business on July 20, 1998, will be granted one right for each common share held.

Symbol: BNC.RT
Shares trade ex-rights: July 16, 1998
Exercise price: Four rights and .65c for one additional common share
Cusip No: 09063R 12 1
Rt expiry date: Aug. 11, 1998

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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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