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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 - Britt Resources Ltd
Website -
Symbol - BRN.RT
Cusip Number - 110904 11 7 
Expiry Date - April 23 1990
News Releases

1990-03-13 17:44 ET - Rights Offering

The company will offer to shareholders of record on March 22 1990, rights to purchase shares of the company.

Basis of offering: Two rights exercisable for one share at $0.15 per share
Record date: March 22 1990
Shares trade x-rt: March 16 1990
Rt called for trade: March 16 1990
Rt trade for cash: April 16 1990
Rt expire: April 23 1990
Rt trading symbol: BRN.RT
Rt security No: 834216
Rt Cusip No: 110904 11 7

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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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