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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 - Coromandel Resources Ltd
Website -
Symbol - CND.RT
Cusip Number - 219918 11 7 
Expiry Date - March 19 1998
News Releases

1998-02-09 17:49 ET - Rights Offering

The company has announced it will offer to shareholders of record at February 18 1998, rights to purchase shares of the company. One right will be issued for each share held.

Rt trading symbol: CND.RT
Rt Cusip No: 219918 11 7
Rt exercise price: Two rights and $0.25 are required to purchase one unit consisting of one share and one-half of one warrant
Shares trade ex-rights: February 16 1998
Rt expiry date: March 19 1998

Wt expiry date: March 19 1999
Wt exercise price: $0.35 up to September 19 1998, and $0.50 up to March 19 1999
Wt trading symbol: CND.WT
Wt Cusip No: 219918 12 5

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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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