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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 - Carmel Resources Limited
Website -
Symbol - CAW.RT
Cusip Number - 14337C 11 6 
Expiry Date - August 27 1990
News Releases

1990-05-16 17:50 ET - Rights Offering

The company will offer to shareholders rights to purchase shares of the company.

Basis of offering: One right exercisable for one share at $0.15 per share
Record date: May 28 1990
Shares trade x-rt: May 22 1990
Rt called for trade: May 22 1990
Rt trade for cash: August 20 1990
Rt expire: August 27 1990
Rt trading symbol: CAW.RT
Rt security No: 834228
Rt Cusip No: 14337C 11 6

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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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