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Name - Cimatec Environmental Engineering Inc
Website -
Symbol - CEG.RT
Cusip Number - 171904 11 3 
Expiry Date - March 15, 2002
News Releases

Cimatec Environmental Engineering to issue rights

2002-02-19 16:45 ET - Rights Offering

The company will offer shareholders on record at the close Feb. 22, 2002, rights to purchase common shares of the company. One right will be issued for each four shares held. On Feb. 6, 2002, the company had 16,278,279 shares issued and outstanding.

Basis of offering: One right exercisable for one common share at 15 cents per share
Record date: Feb. 22, 2002
Shares trade ex-rights: Feb. 20, 2002
Rights called for trading: Feb. 20, 2002
Rights trade for cash: March 12, 2002
Rights expire: March 15, 2002
Rights symbol: CEG.RT
Rights Cusip No: 171904 11 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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