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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 - Chauvco Resources Ltd
Website -
Symbol - CHA.RT
Cusip Number - 162600 14 2 
Expiry Date - January 6 1998
News Releases

1997-12-10 05:58 ET - Rights Offering

The TSE advises that holders of common shares of record on the close of business on December 15 1997 will be granted the right to subscribe for one class A limited partnership unit of Fort Chicago Energy Partners L.P. from the company for every common share held on the record date at a subscription price of $5.95 per class A unit. The rights will be evidenced by transferable certificates registered in the names of the holders of common shares of record on the record date on the basis of one right for each common share held, one right and the sum of $5.95 being required to subscribe for one class A unit of Fort Chicago.

The TSE has conditionally approved the listing of the class A units of Fort Chicago subject to Fort Chicago fulfilling all requirements of the exchange on or before February 24 1998, including receipt of evidence of satisfactory public distribution of the class A units.

Symbol: CHA.RT
Shares trade ex-rights: December 11 1997
Cusip No: 162600 14 2
Rt expiry date: January 6 1998

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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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