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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 - Canadian Chemical Reclaiming Ltd
Website -
Symbol - CRL.RT
Cusip Number - 134915 11 5 
Expiry Date - May 15 1997
News Releases

1997-03-24 17:57 ET - Rights Called to Trade

The ASE has been advised that the company has issued rights to the holders of shareholders of record at the close of business on April 1 1997. Holders will receive one right for each share held.

Rt symbol: CRL.RT
Shares trade ex-rights: March 27 1997
Rt security code: ISM - 834 316; WCCC - 834 244
Rt Cusip No: 134915 11 5
Exercise price: Four rights and $0.35 to purchase one share
Expiry date: May 15 1997
Cash trading date: May 13 1997

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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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