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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Website -
Symbol - CEF.RT
Cusip Number - 153501 15 0
Expiry Date - Dec. 15, 1998
News Releases
1998-11-06 07:19 ET - Rights Offering
TSE Bulletin 98-1676
Holders of class A shares of record as of the close of business on Nov. 12, 1998 will be granted the right to subscribe for one unit of the company (A unit) for every four class A shares held on such record date at a subscription price of $4.00 (U.S.) per A unit (the subscription price). Each A unit will be comprised of one class A share and one series 1 warrant, each series 1 warrant entitling the holder to subscribe for one unit of the company (B unit) at a price of $4.00 (U.S.) at any time during the period from May 3, 1999 to on or before 5:00 p.m. (EST) on May 26, 1999. Each B unit will be comprised of one class A share and one series 2 warrant, each series 2 warrant entitling the holder to subscribe for one class A share at a price of $4.00 (U.S.) at any time during the period from Nov. 1, 1999 to on or before 5:00 p.m. (EST) on Nov. 24, 1999. The A units and the B units are each separable as of the time of their issue.
The rights are evidenced by transferable rights certificates registered in the names of holders of class A shares of record on the record date on the basis of one right for each class A share held, four rights and the sum of $4.00 (U.S.) being required to subscribe for one A unit.
Symbol: CEF.RT
Shares trade ex-rights: Nov. 9, 1998
Cusip No: 153501 15 0
Exercise price: Four rights and $4.00 (U.S.) to subscribe for one A unit
Rt expiry date: Dec. 15, 1998
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Canadian Exchanges News
Canadian Securities Exchange News
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.
