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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 - Consolidated Canadian Express Limited
Website -
Symbol - CXE.RT
Cusip Number -  20886L 12 6
Expiry Date - July 5, 2000
News Releases

Cons Canadian Express rights offering

2000-06-08 09:33 ET - Rights Offering

TSE Bulletin 2000-0730

Holders of common shares (symbol: CXE) of record as of the close of business on June 13, 2000, will be granted one right for each common share held.

Basis of offering: One right will entitle the holder to subscribe for 2.5 common shares at the subscription price of 40 cents per common share
Symbol: CXE.RT
Trade ex-rights: June 9, 2000
Cusip: 20886L 12 6
Rt expire: July 5, 2000

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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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