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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 - Canadian Express Ltd
Website -
Symbol - CXE.RT
Cusip Number - 135679 11 6 
Expiry Date - Sept. 19, 2001
News Releases

Canadian Express rights offering

2001-08-23 16:50 ET - Rights Offering

TSE Bulletin 2001-1033

Holders of common shares of record as of the close of business on Aug. 29, 2001, will be granted one right for each common share held.

Basis of offering: Four rights and the sum of 60 cents being required to subscribe for one additional common share
Symbol: CXE.RT
Cusip: 135679 11 6
Shares trade ex-rights: Monday, Aug. 27, 2001
Rights expire: 4 p.m. (Toronto time) on Sept. 19, 2001

© 2015 Canjex Publishing Ltd. All rights reserved.



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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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