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Name - Colonia Energy Corp
Website -
Symbol - CLA.RT
Cusip Number - 195412 13 5 
Expiry Date - Jan. 13, 2010
News Releases

Colonia Energy rights offering

2009-12-10 20:57 ET - Rights Offering

Basis of offering: Four rights exercisable for one share at 14 cents per share
Record date: Dec. 23, 2009
Shares trade ex rights: Dec. 21, 2009
Rights called for trading: Dec. 21, 2009
Rights trade for cash: Jan. 8, 2010
Rights expire: Jan. 13, 2010
Rights trading symbol: CLA.RT
Rights Cusip No.: 195412 13 5
Authorized jurisdiction(s): British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Prince Edward Island, Nova Scotia, Newfoundland, New Brunswick and Northwest Territories

For further details, please refer to the company's rights offering circular dated Dec. 4, 2009.

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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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