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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 -

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Name - BlackWatch Energy Services Trust
Website -
Symbol - BWT.RT
Cusip Number - 09259N 11 6 
Expiry Date - July 3, 2007
News Releases

BlackWatch Energy rights offering

2007-06-05 21:07 ET - Rights Offering

TSX bulletin 2007-0762

Rights symbol: BWT.RT
Rights Cusip No.: 09259N 11 6
Securityholder entitlement: One right for each trust unit or Class B exchangeable LP unit of BlackWatch Energy Services LP held on the record date
Terms of the rights: 5.2 rights plus $1.68 for one additional trust unit
Rights expiry time: 4 p.m. (Calgary time), July 3, 2007
Ex rights date: June 7, 2007
Record date: June 11, 2007

Terms not otherwise defined herein are as defined in the rights offering circular dated May 31, 2007

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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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