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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 - Canada Southern Petroleum Ltd
Website -
Symbol - CSW.RT
Cusip Number - 135231 12 4 
Expiry Date - June 24 1996
News Releases

1996-05-07 13:20 ET - Rights Offering

Holders of limited voting shares (symbol: CSW) of record as of the close of business on May 13 1996 will be granted one right will be issued for each share held.

Symbol: CSW.RT
Shares trade ex-rights: May 9 1996
Cusip No: 135231 12 4
Exercise price: ten rights and the sum of $7.50 or US$5.50 for one additional limited voting share
Expiry date: June 24 1996

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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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