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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 - Cobra Enterprises Ltd
Website -
Symbol - CBB.RT
Cusip Number - 19104H 12 3 
Expiry Date - August 24, 1987
News Releases

1987-07-15 03:00 ET - Rights Offering

The company has announced that it will offer to shareholders of record on July 24, 1987 rights to purchase shares of the company. One right will be issued for each share held. Four rights and $2.00 are required to purchase one share. The expiry date for the rights offering is August 24, 1987. As at July 24, 1987, the company will have 5,227,645 shares issued and outstanding.

Effective at the opening, July 20, 1987, 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.

Record date: July 24, 1987
Shares trade x-rt: July 20, 1987
Rt trade for cash: August 18, 1987
Rt expire: August 24, 1987
Rt trading symbol: CBB.RT
Rt security No: 834297
Rt Cusip No: 19104H 12 3

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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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