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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 - B.C. Pacific Capital Corporation
Website -
Symbol - BPQ.RT
Cusip Number - 05535M 13 8 
Expiry Date - February 3 1989
News Releases

1989-01-03 17:43 ET - Rights Offering

The company will offer to shareholders of class A subordinate voting shares and class B common shares of record at January 13 1989 rights to purchase shares of the company.

Basis of offering: Four rights exercisable for one class AAAcumulative participation preferred share at$25.00 per share.Two rights exercisable for one class R warrant.
Record date: January 13 1989
Shares trade x-rt: January 9 1989
Rt called for trade: January 9 1989
Rt trade for cash: January 27 1989
Rt expire: February 3 1989
Trading symbol: BPQ.RT
Security No: 834214
Cusip No: 05535M 13 8

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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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