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THE INVESTOR'S GUIDE TO WARRANTS:

Capitalize on the Fastest Growing Sector of the Stock Market, Second Edition (Hardcover)
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Name - Cominco Resources International Ltd
Website -
Symbol - COR.RT
Cusip Number - 20044D 12 3 
Expiry Date - April 12 1989
News Releases

1989-03-14 18:13 ET - Rights Offering

The company has announced it will offer to shareholders of record on March 22 1989 rights to purchase common shares of the company. As at December 31 1988 the company had 32,400,766 shares issued and outstanding.

Basis of offering: Four rights exercisable for one share at $2.75 per share
Record date: March 22 1989
Shares trade x-rt: March 16 1989
Rt called for trade: March 16 1989
Rt trade for cash: April 5 1989
Rt expire: April 12 1989
Trading symbol: COR.RT
Security No: 834217
Cusip No: 20044D 12 3

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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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