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Name - Cypress Minerals Corp
Website -
Symbol - CYP.RT
Cusip Number - 232922 12 0 
Expiry Date - November 19 1997
News Releases

1997-10-21 17:27 ET - EOP Filed

The company's EOP dated October 20 1997 has been filed with and accepted by the VSE, and filed with and receipted by the BCSC on October 20 1997.
The company will offer to shareholders of record at October 29 1997, one right will be issued for each share held.

Shares trade ex-rights: October 27 1997
Rt offering: 10,743,223 rights exercisable for 2,148,644 flow through units at $0.55
Exercise price: Five rights and $0.55 to purchase one flow through unit consisting of one flow through share and one flow through series A share purchase warrant
Record date: October 29 1997
Cash trading date: November 14 1997
Expiration date: November 19 1997
Rt symbol: CYP.RT
Rt Cusip No: 232922 12 0

A Wt expiry date: November 19 1998
A Wt exercise price: $0.55
Wt symbol: CYP.WT.A
Wt Cusip No: 232922 13 8

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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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