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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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Name - Cetec Engineering Company Inc
Website -
Symbol - CEK.RT
Cusip Number - 15719C 11 1 
Expiry Date - January 12 1990
News Releases

1989-12-12 17:56 ET - Rights Offering

The company will offer to shareholders of record on December 21 1989, rights to purchase shares of the company.

Basis of offering: Three rights exercisable for one share at $0.25 per share
Record date: December 21 1989
Shares trade x-rt: December 15 1989
Rt called for trade: December 15 1989
Rt trade for cash: January 5 1990
Rt expire: January 12 1990
Rt trading symbol: CEK.RT
Rt security No: 834228
Rt Cusip No: 15719C 11 1

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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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