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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 - Dayton Developments Corp.
Website -
Symbol - DD.RT
Cusip Number - 23975D 11 2 
Expiry Date - December 21 1989
News Releases

1989-11-22 18:04 ET - Rights Offering

The company will offer to shareholders of record at December 1 1989 rights to purchase shares of the company.

Basis of offering: Two rights exercisable for one unit at $0.55 per unit, each unit consisting ofone share and one share purchase warrant
Rt called for trade: November 27 1989
Rt trade for cash: December 14 1989
Rt expire: December 21 1989
Rt trading symbol: DD.RT
Rt security No: 834246
Rt Cusip No: 23975D 11 2

Wt expiry date: February 19 1990
Wt exercise price Two warrants to purchase one share at $0.85 per share up to February 20 1990
Wt trading symbol: Tba
Wt security No: Tba
Wt Cusip No: 23975 D 12 0

Unit security No: Tba

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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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