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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 - Balsam Resources Inc
Website -
Symbol - BSM.RT 
Cusip Number - 05882E 11 9
Expiry Date - June 6 1988
News Releases

1988-04-27 19:56 ET - Rights Offering

Effective at the opening, May 2 1988, the shares of the company will trade ex-rights and the rights will be posted and called for trading at that time on a when-issued basis.

Basis of offering: May 6 1988
Shares trade x-Rt: May 2 1988
Rt called trading: May 2 1988
Rt trade for cash: May 30 1988
Rt expire: June 6 1988
Rt trading symbol: BSM.RT
Rt security No: 834220
Rt Cusip No: 05882E 11 9

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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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