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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 - Clairvest Group Inc
Website -
Symbol - CVG.RT
Cusip Number - 17965L 11 8 
Expiry Date - March 23 1993
News Releases

1993-02-23 09:16 ET - Rights Offering

Holders of common shares of record as of the close of business on March 2 1993 will be granted rights to subscribe for units of Clairvest Group.
Each unit consists of one Clairvest common share and one warrant.

Shares trade x-rt: February 24 1993
Exercise price: $5.00 per unit
Symbol: CVG.RT
Cusip No: 17965L 11 8
Expiry date: March 23 1993

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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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