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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 - Corker Resources Inc
Website -
Symbol - CRK.RT
Cusip Number - 218919 11 6 
Expiry Date - May 28, 1998
News Releases

1998-05-01 18:12 ET - Rights Offering

The ASE has been advised that the company is issuing rights to the holders of the issued and outstanding shares of record at the close of business on May 7, 1998. Shareholders of record will receive one right for each share held. The rights offering circular has been cleared in Alberta, BC, Manitoba and NWT only.

Rt symbol: CRK.RT
Shares trade ex-rights: May 5, 1998
Rt security code: 834 078
Rt Cusip No: 218919 11 6
Exercise price: Two rights and 50 cents to purchase one share
Expiry date: May 28, 1998
Cash trading date: May 26, 1998

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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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