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THE INVESTOR'S GUIDE TO WARRANTS:

Capitalize on the Fastest Growing Sector of the Stock Market, Second Edition (Hardcover)
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Name - Biosyntech Inc
Website -
Symbol - BSY.RT
Cusip Number - 09068L 15 2 
Expiry Date - Oct. 14, 2009
News Releases

Biosyntech rights offering

2009-09-10 18:59 ET - Rights Offering

TSX bulletin 2009-1145

Stock symbol: BSY.RT
Cusip No.: 09068L 15 2
Shareholder entitlement: One right for each common share held on the record date
Terms of the rights: 340.1340 rights plus $10 for one unit
Expiration time: 4:30 p.m. (Eastern Time) on Oct. 14, 2009
Ex rights date: Sept. 14, 2009
Record date: Sept. 16, 2009

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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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