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Name - Cubacan Exploration Inc
Website -
Symbol - CCX.RT
Cusip Number - 229903 18 2 
Expiry Date - Oct. 15, 2002

Symbol - CCX.RT
Cusip Number - 229903 13 3 
Expiry Date - Dec. 22, 1999
News Releases

Cubacan rights offering

2002-08-15 17:38 ET - Rights Offering

The company will offer to shareholders of record at Aug. 29, 2002, rights to purchase shares of the company. One right will be issued for each share held. Two A share purchase warrants and 10 cents entitle the buyer to purchase one share of the company up to March 17, 2003. Two B share purchase warrants and 15 cents entitle the buyer to purchase one share of the company up to Oct. 15, 2003. As at Aug. 2, 2002, the company had 81,210,132 shares issued and outstanding.

Basis of offering: Two rights exercisable for one unit at six cents per unit. One unit consists of one flow-through common share, one A warrant and one B warrant. Two A warrants and 10 cents entitle the holder to purchase one common share. Two B warrants and 15 cents entitle the holder to purchase one common share.
Record date: Aug. 29, 2002
Shares trade ex-rights: Aug. 27, 2002
Rights called for trading: Aug. 27, 2002
Rights trade for cash: Oct. 10, 2002
Rights expire: Oct. 15, 2002
Rights trading symbol: CCX.RT
Rights CUSIP No.: 229903 18 2

© 2015 Canjex Publishing Ltd. All rights reserved.


Cubacan rights offering

1999-11-26 20:36 ET - Rights Offering

The Alberta Stock Exchange has been advised that the company is issuing rights to the holders of its issued and outstanding common shares of record at the close of business on Dec. 1, 1999. Holders will receive one right for each common share held. The rights offering prospectus has been cleared in Alberta, British Columbia and Ontario only.

Rt symbol: CCX.RT
Rt security code: 834 151
Shares trade ex-rights: Nov. 29, 1999
Rt Cusip No: 229903 13 3
Rt exercise price: Two rights and six cents to purchase one unit consisting of one common share, one A warrant and one B warrant. Two A warrants plus 15 cents will entitle the holder to acquire one additional common share until Jan. 31, 2000. Two B warrants plus 25 cents will entitle the holder to acquire one additional common share until March 31, 2000.
Rt expiry date: Dec. 22, 1999
Cash trading date: Dec 20, 1999

© 2015 Canjex Publishing Ltd. All rights reserved.



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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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