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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 - CanBaikal Resources Inc
Website -
Symbol - CBQ.RT
Cusip Number - 136928 12 4 
Expiry Date - Aug. 31, 2000
News Releases

CanBaikal rights offering

2000-08-14 17:35 ET - Rights Offering

The company has announced it will offer to shareholders of record on Aug. 4, 2000, rights to purchase shares of the company. One right will be issued for each share held. As at Aug. 4, 2000, the company had 19,214,398 shares issued and outstanding.

Basis of offering: Four rights exercisable for one share at 20 cents per share.
Record date: Aug. 4, 2000
Ex-right date: Aug. 2, 2000
Trading date: Aug. 15, 2000
Cash trading date: Aug. 29, 2000
Expiry date: Aug. 31, 2000
Trading symbol: CBQ.RT
Cusip No: 136928 12 4

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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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