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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 - Cardinal Mineral Corporation Ltd
Website -
Symbol - CDB.RT
Cusip Number - 14151L 11 9 
Expiry Date - March 2, 1987
News Releases


1987-01-21 03:00 ET - Rights Offering


The company has announced it will offer to shareholders of record on January 30, 1987 rights to purchase shares of the company. One right will be issued for each share held. Two rights and $0.20 are required to purchase one share. The expiry date for the rights offering is March 2, 1987. As at January 8, 1987 the company had 1,335,692 shares issued and outstanding.

Basis of offering: Two rights exercisable for one share at $0.20 pershare
Record date: January 30, 1987
Shares trade x-rt: January 26, 1987
Rt trade for cash: February 23, 1987
Rights expire: March 2, 1987
Trading symbol: CDB.RT
Security No: Tba
Rt Cusip No: 14151L 11 9

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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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