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Name - Ceres Global Ag Corp
Website -
Symbol - CRP.RT
Cusip Number - 156770 12 5 
Expiry Date - Nov. 28, 2014
News Releases

Ceres Global rights offering

2014-10-24 20:11 ET - Rights Offering

Ceres Global Ag Corp. will grant shareholders of record at the close of business on Thursday, Oct. 30, 2014, rights to purchase shares, according to the Toronto Stock Exchange. The TSX reports the company will issue one right for each share held on the record date and 1.1063 rights will entitle the holder to buy one Ceres Global share for $5.84.
The company plans to use the net proceeds from the offering, expected to be $75-million, for the construction and development of the Northgate commodities logistics centre and for general working capital.
Shares trade ex rights: Tuesday, Oct. 28, 2014
Settlement: Nov. 25, 2014 settlement on Nov. 27, 2014. Nov. 26 and Nov. 27, 2014, will settle on the next day in cash. All trades completed to 12 p.m. (Toronto time) on Nov. 28, 2014, will settle on the same day in cash.
Rights expire: Nov. 28, 2014
Rights symbol: CRP.RT
Cusip No: 156770 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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