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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 - Cephalon Resource Corporation
Website -
Symbol - CHR.RT
Cusip Number - 156911 12 5 
Expiry Date - January 2 1996
News Releases

1995-11-24 19:07 ET - Rights Offering

The company will offer to shareholders of record as at November 30 1995 rights to purchase shares of the company. One right will be issued for each share held. Two rights are exercisable for one share at $0.12.

Rt trading symbol: CHR.RT
Shares trade ex-rights: November 28 1995
Rt security No: ISM - 834 361; WCCC - 834 219
Rt Cusip No:
Expiry date: January 2 1996
Cash trading date: December 29 1995

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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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