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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 - Breakwater Resources Ltd
Website -
Symbol - BWR.RT
Cusip Number - 106902 14 1 
Expiry Date - May 1, 2002
News Releases

Breakwater rights offering

2002-04-01 20:32 ET - Rights Offering

TSE bulletin 2002-0366

Symbol: BWR.RT
Cusip No: 106902 14 1
Shareholder entitlement: One right for each common share held on therecord date
Terms of the rights: One right plus 20 cents for one additionalcommon share
Expiry time of the rights: 4:30 p.m. (Toronto time), May 1, 2002
Ex-rights date: April 3, 2002
Record date: April 5, 2002

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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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