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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 - Cartaway Resources Corporation
Website -
Symbol - CWA.RT
Cusip Number - 145902 11 0 
Expiry Date - August 22 1997
News Releases

1997-07-25 18:01 ET - Rights Offering

The ASE has been advised that the company has issued rights to the holders of its issued and outstanding shares of record at the close of business on July 31 1997. Shareholders will receive one right for each common share held. The rights offering circular has been cleared in the provinces of Alberta, BC and Ontario only.

Stock symbol: CWA.RT
Security code: ISM - 834 112
Shares trade ex-rights: July 29 1997
Cusip No: 145902 11 0
Exercise price: Five rights and $0.30 to purchase one unit consisting of one share and one-half of one warrant. Each whole warrant entitles the holder to purchase one share for $0.60 up to August 22 1998.
Expiry date: August 22 1997
Cash trading date: August 20 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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