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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 - Chessminster Group Ltd
Website -
Symbol - CRG.RT
Cusip Number - 16549M 11 3 
Expiry Date - January 28, 1988
News Releases

1987-12-18 03:00 ET - Rights Offering

The company has announced it will offer to shareholders of record on December 30, 1987, rights to purchase shares of the company.

Effective at the opening, December 23, 1987, the shares of the company will trade ex-rights and the rights will be posted and called for trading at the time on a when-issued basis.

Basis of offering: Two rights exercisable for one share at $0.84 pershare
Record date: December 30, 1987
Shares trade x-rt: December 23, 1987
Rt trade for cash: January 21, 1988
Rt expire: January 28, 1988
Trading symbol: CRG.RT
Security No: 834218
Cusip No: 16549M 11 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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